THQI appears to be setting up for a break out in the near future.
MACD is under 0 and is moving north. In addition, it just had a bullish cross.
RSI is also moving north and a couple days ago just passed through the 80 mark which is considered a bullish signal.
STO is a little iffy imo. The slope of it’s vertical ascent is looking a little too steep, BUT they lines have been layered in a bullish pattern since May 12th.
Resistance levels are setup pretty clearly on this chart. You can easily spot that the price needs to bust through the $20.82 mark and we could be on our way up.
One concern is that today’s push upwards came on OK volume, but it could have been stronger.
- Buy = Cross through $20.82 with good volume
- R1=21.63 Fill the gap
- R2=22.83
- R3=23.84
- 2-3% Trailing stop loss