It looks like SLQD may be interacting with a slightly angled resistance line. This area could represent a pivot point. In addition to being near an angled resistance line SLQD is near a weak resistance line. If there isn't strong buying pressure the price might bounce off and move back down, but it can always break through and move up. SLQD hasn't had very clear momentum over the last 3 months in either direction. Which makes it a little harder to predict. But hasn't presented the buying pressure to make
me feel certain it can punch through.
If the price breaks through the resistance level it will probably move up to the $50.46 where it may meet further resistance. If the price does in fact bounce off here, it might find nearest support down at the $49.95 level, hard to say where it will go from there though.
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
