Qualstar Corp (QBAK)

[stocktrademan]

What's your long term outlook on QBAK?

I personally think that if it retests $9, it could shatter through and really start moving.

Completely agree, what I'm looking at is that last time it ran up about $5.50 so it should plausibly do it again (see concept of a measured move for targets) this gives a target around 10.40 or so. Another interesting thing is that if it gets up to those areas, then the chart will make new yearly highs, and that usually means more of the same in store afterwards (aka the sayings "trend is your friend" and "buy high and sell higher")...

interesting read
http://www.investors.com/how-to-invest/investors-corner/buy-high-sell-higher-worked-well-during-apples-multi-year-run/