The chart shows a classic Double Bottom pattern formed within a strong support zone between $70–$80, followed by a bullish breakout from a Falling Wedge – a reliable reversal pattern.
✅ Technical Highlights:
✅ Falling Wedge Breakout: A bullish breakout confirms momentum shift.
✅ Current Price: $94.51
✅ Strong Support Zone: $70–$80
✅ Clear upside targets are marked on the chart.
🎯 Potential Price Targets:
Target 1: $138.23
Target 2: $180.80
⚠️ Alternative Scenario:
If the price fails to hold above the $90–$94 range, we may see a retest of the $85–$80 area before any sustained upward movement.
💡 Conclusion:
QNT is showing strong reversal signals after a long accumulation phase. The breakout from the falling wedge pattern and reclaiming of key levels suggest a bullish momentum building toward higher targets. Holding above $90 is crucial for continuation.
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