QTRH / QTRHF has reclaimed bottom trend channel. Also at major convergence point of two key trend lines.
It has been consolidating support at the 2.80-2.90 level.
Short term target of $4. Opportunity to build position at this point. Get aggressive short term if stock closes above $3.
A Break and hold above $4 is key support / resistance level for a...
Again, really great feedback from the community. Baseline formed is parallel to previous cycle tops.
Drawing the trend lines provides a $15 Long Term Price Target.
Fundamentally, this would imply a Billion in licensing and buying ITS companies that produces a $100M earnings firm at a 15X P/E. That is possible.
The current Apple judgment could be worth...
Great feedback from community drawing additional trendline from bottom peak to recent highs, further confirming trend channel to $4 target.
Also note that the stock just started to move and closed above 10/50/200 Moving averages, which are all upward sloping.
Technically, Broke out of bottoming channel. Retesting former upper end of channel. Looking at a 50% move higher to $4.
Fundamentally, Company has $180M of cash and has a market cap of less than $300M. A Tech stock trading at only 3X EBITDA. Incredible.
Analysts have been raising targets continuously after bottoming.
