I was watching Quicksilver $ZQK chart for a fundamental reason -
it's so badly managed but has such a strong brand loyalty among
surfers that a catalyst (takeout, etc.) under $2 was a real
possibility. After hours, they announced the departure of a key
senior executive. Obviously someone knew that in the past few
weeks/days. This was a $9 stock not too long ago with turnaround
prospects. Now we'll see how far it can recover.
Quicksilver held its gains through the past two days, which is
constructive (sellers did not sell the news). But volume hasn't
come in yet on the buy side; watchin for that. Holding above 9MA
now; last move above 9 had legs.
Quicksilver continues to be constructive on price &
momentum, holding above 9MA for a week and working above 20MA now.
Volume has yet to come in on the buy side, but sellers are no
longer hitting it on bounces. With some buyers, challenging the
50MA and getting into gap above are the next steps.
Quicksilver continues to set up
Posted by a_l_ on 14th of Oct 2014 at 09:47 am
Quicksilver continues to set up for a potentially meaningful bounce.
Hope this was meaningful for
Posted by a_l_ on 14th of Oct 2014 at 12:10 pm
Hope this was meaningful for someone else too...
I was watching Quicksilver $ZQK
Posted by a_l_ on 14th of Oct 2014 at 05:34 pm
I was watching Quicksilver $ZQK chart for a fundamental reason - it's so badly managed but has such a strong brand loyalty among surfers that a catalyst (takeout, etc.) under $2 was a real possibility. After hours, they announced the departure of a key senior executive. Obviously someone knew that in the past few weeks/days. This was a $9 stock not too long ago with turnaround prospects. Now we'll see how far it can recover.
Bottom line - the chart anticipated the news.
Quicksilver held its gains through
Posted by a_l_ on 16th of Oct 2014 at 03:56 pm
Quicksilver held its gains through the past two days, which is constructive (sellers did not sell the news). But volume hasn't come in yet on the buy side; watchin for that. Holding above 9MA now; last move above 9 had legs.
Quicksilver continues to be constructive
Posted by a_l_ on 22nd of Oct 2014 at 11:30 am
Quicksilver continues to be constructive on price & momentum, holding above 9MA for a week and working above 20MA now. Volume has yet to come in on the buy side, but sellers are no longer hitting it on bounces. With some buyers, challenging the 50MA and getting into gap above are the next steps.
Thank you a_l_
Posted by gezac on 14th of Oct 2014 at 12:50 pm
Yes, very meaningful, but wouldn't have seen it if it weren't for your post. Thanks for noting the chart.
You're welcome, gezac.
Posted by a_l_ on 14th of Oct 2014 at 12:53 pm
You're welcome, gezac.
Awesome ALex
Posted by steve on 14th of Oct 2014 at 12:11 pm
Awesome ALex
Nice...
Posted by saturn6 on 14th of Oct 2014 at 12:12 pm
Wish I had followed you in.
Thanks, Steve....
Posted by a_l_ on 14th of Oct 2014 at 12:12 pm
Thanks, Steve....