QLGN - RTTR Merger - Soon to Bounce +30-85% Once it DoesAll,
I think we are coming to a double bottom soon. The weekly on QLGN it's obvious there was a massive double top + merger made it sail down. The Question here is where does it end? It is essentially down over 45%. It is going to hit that trend line coming down and most likely fail if you want to swing that. Overall it will recover just a matter of how long.
** DISCLAIMER: If one of there pipeline news comes out thats positive this went down so fast that it will skyrocket on news. So pay attention**
Levels I would look at at buy ins
Possible bounce now.
$5.80
$5.30
Alerts at buy in levels
ALSO alerts above current level like 5-10% starting now. that way you get alerted if it does start to take off. Remeber to use volume and make sure it's actually breaking out or has news. Not just some pump on a lower timeframe. Wait for a daily candle.
QLGN - RTTR Merger - Soon to Bounce
