QD // level // 1d (QD), here's a general approach:
Support Levels
Recent Lows: Identify the lowest price points in recent trading sessions. For instance, if QD recently dropped to around $1.50, that might serve as a support level.
Moving Averages: The 50-day or 200-day moving averages can act as dynamic support. If the stock price approaches these averages, they might provide support.
Historical Support: Previous lows where the stock has bounced back can also indicate potential support levels.
Resistance Levels
Recent Highs: Determine the highest points in recent trading. For example, if the stock peaked at around $2.00, that could serve as a resistance level.
Trend Lines: Drawing trend lines across recent highs can help visualize resistance areas.
Psychological Levels: Round numbers like $1.75 or $2.00 often act as psychological resistance.
