Mar. 10 at 12:25 AM
$QUIK
A picture-perfect Wave 4, and bounce on the 30 minute chart was put in today, almost touching the 50% retracement line.
As it stands now, this is a bullish chart pointing towards
$10+, but AI is involved in the picture.
The Nasdaq opened down hard today, but ended the day higher.
Oil went over
$110 but is now below
$89.
So, do we move higher from here, or is there more downside to come?
Can't tell yet.
The keys are Volume, and the
$7.47 Wave 1 peak at
$7.47 (White dashed line).
If volume comes in, we could move towards the higher Support/Resistance band around
$10.
If however, the price should touch
$7.46, then the chart picture resets, and the
$6.50 Support/Resistance comes into play.
As one who has traded this stock for over 20 years, 2025 and Q4 was weak and good riddance. 1H 2026 is also going to be weak, so I see no strong reason to buy at this level.
But to others, the lure of possible 100% growth awaits.
"Come one come all, you bets your money, you takes your chances".
