Could Quartix (QTX.L) shares find their way to a fiver? ProactiveInvestors Stocktube

ProactiveInvestors Stocktube

Published on 28 Feb 2017

Technical analyst Zak Mir is tipping the Quartix Holdings PLC (LON:QTX) share price to hit £5 over the coming few months.

“We’ve had a rising trend channel here since the summer of 2015. [There’s been] a recent bear-trap rebound from below 300p and up again through the 200-day moving average at 354p,” explains Mir in the latest Proactive Investors Bulletin Board segment.

The view at the moment is that while we’re above the 200-day line on a weekly close basis we could hit the top of the 2015 channel at 500p over the next three to four months.”