Although QEC.TO – Questerre Energy’s action today wasn’t exactly thrilling I believe this one has the potential to be a great performer. The gap up we witnessed yesterday tells me prices took the path of least resistance. Now there is still a possibility this could have been an exhaustive move. After all we are still in a downtrend. Check the Natural Gas chart I added to my public list for a better understanding of my QEC.TO entry rationale. I see confluence of support.
As a trader all I can do is make educated guesses based on experience and apply common sense. Then I let the market decide if a stock stays in my portfolio or if it doesn’t. A stop loss @ 1.19 looks like a good price area to protect your position.
That said CAEI – China Architectural Engineering looks like some serious momentum could develop anytime. High risk but high potential stock.
Have a great evening!
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