QAF after touching the low of 1.095 on 1st Aug 2016 , it has since manged to stage a strong rebound and head higher to touch $1.425 on 9th Jan 2017. This is generally quite positive.
The current price of $1.42 is staying above the SMA lines which is generally quite positive.
Also both Macd & Rsi are still rising which may likely provide further indication that the share price may continue to trend higher.
Short term wise, I think it may likely move up to conqure $1.425 and head higher towards $1.45 and then $1.50.
Breaking out of $1.50 with good volume that may drive the share price higher towards $1.55 then $1.60.
Kindly take note that the liquidity for this stock counter is rather low.
( trade base on your own decision)
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