QNT is currently hovering around $104.9, holding above the 7-day, 25-day, and 99-day moving averages — the 7-day line is at 105.2, the 25-day line is at 100.9, and the 99-day line is at 91.3. From the arrangement of the moving averages, the long positions pattern is quite clear.

Looking up, the previous high of 108.4 is a hurdle. If we are to break through, it needs to cleanly surge past the range of 110-112; in that case, the region of 115-120 will open up. Looking down, there is the 25-day moving average supporting around the 100 mark; if it drops further, we will see if the 99-day moving average and structural support at 91 can hold.

The trading volume is quite interesting—there was indeed a noticeable buying pressure when it broke through, but it has cooled down recently. However, as long as the price can hold above the 25-day moving average, this upward trend is still considered stable for the time being.