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Tuesday, February 23, 2016

Q&M Dental

Q&M Dental - 23rd Feb 2016

Q&M Dental after hitting the low of 63 cents on 11th Feb 2016 had been able to stage a strong rebounce to touch the high of 73 cents on 23rd Feb 2016. This is rather impressive and positive.

A very nice long white bar present on the chart today with a impressive breakthrough to cross over the major resistance at 70 cents.The volume is also quite high with 2.6 m of shares changing hands. This is generally rather bullish.


The current price of 71.5 cents is staying above both 14SMA & 25SMA lines which is rather positive.

Also both MACD & RSI are still pointing upwards which may provide further indication that the share prices may continue to head higher.

Short term wise it will continue to trend higher to re-visit 80 cents. Breaking out of 80 cents with good volume that may propel to drive the share price higher towards 90 cents.
(trade base on your own decision)


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