Quantum Blockchain Technologies price: Bullishness starts on QBT

Share On Facebook
share on Linkedin

Quantum Blockchain Technologies Plc shares (LSE:QBT) are currently experiencing some buying pressure. Since June 2021 till recently, the market formed a strong base, with no directional movement.

Nonetheless, there has been a breakout to the upside, accompanied by slow and gradual movement to the upside. The upper Trendlines has already been broken to the upside, as price makes further bullish effort. The RSI period 14 is above the level 70, going towards the level 80.

There is a “buy” signal on QBT. As long as the RSI is above the level 50 and price stays above the upper Trendline, the outlook on QBT will remain upbeat. The next targets would thus be the resistance levels of 5.00, 6.00 and 7.00.

Teach Yourself Technical Analysis: Technical analysis

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220128 17:26:52