Replies to post #2781 on lowtrade

[lowtrade]

cha-ching'
QOIL

Something very important happened March 18/19, that completely changed the trading mindset, due to CMF action. No other up move has been met with such strong buying pressure in the past 12 months.

Other Indicators show up move, with entry confirmation, when the ADX crosses the DMI- up. When that happens you can expect at least the 45 cent channel top being reached. But I would expect what ever happened March 19th will help the price to continue above old highs.

But right now an ascending triangle is calling for a 43 cent target.
http://stockcharts.com/h-sc/ui?s=QOIL&p=D&yr=0&mn=3&dy=0&id=p38014569686