QS Why I'm Not Bullish Or BearishHello fellow traders and investors, QS has been on my watchlist for a while now since it offers a great ROI if it makes a full recovery. I am going to explain why I am not Bullish or Bearish at this moment.
Technical Analysis:
The Rsi is currently showing that QS is more to the overbought side.
The trendlines are showing that QS is at a critical point if it breaks above it could potentially rally however if the trendline poses as resistance it will most likely pullback.
Why I'm Not Going To Take A Trade:
If QS pushes above the trendline it will be overbought which means it's at risk of a pullback so, in my opinion, QS isn't a good deal right now.
Anyway hope you enjoyed this quick analysis and comment on what you think, have a great day.
