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QNT showing some interesting action lately. Someone spotted a falling wedge pattern forming on the charts, and if you know technical analysis, you know what that could mean.
Right now it's hovering around the $86 mark. Not exactly exciting, but here's where it gets interesting—if this wedge breaks upward like these patterns tend to do, we might be looking at a run toward $240. That's nearly a 3x move if the breakout plays out.
Of course, patterns don't always deliver. But wedges? They've got a decent track record when volume confirms. Worth keeping on the watchlist at least.
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This position at 86 doesn't look right to me, can this wave actually break through?
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Another pattern player, always talking about technical analysis, wake up.
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If it weren't for the volume part, I would have stopped watching QNT long ago, still observing for now.
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240? Are you dreaming? I bet 5 bucks it won't break.
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I've seen too many of these wedge things, each one more deceptive than the last.
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Wow, this rebound rhythm has something to it, keep watching.