QGLY - The Quigly Corporation

This looks to be a very nice bottom feeder play coming off of extremely oversold conditions.

Stochastics are oversold and showing positive divergence about to cross the 20. MACD is still positive showing divergence. Stock is trading below its 9day EMA and showing that a reversal is immenant. RSI is below 30 which is indicating a bottom that is headed higher from here.

Other bullish indicators are showing a doji (indicating a reversal) and always a bullish falling wedge pattern.

This stock sold off on the nose spray FDA scare that Matrixx (MTXX) is going through which they have found Quigley is not affected in any way by it.

This is a very LOW float stock with only 6.72m shares outstanding. This can possibly be a multibagger from here, as they were trading 300%+ higher than the current price on a couple of months ago.

Check out the latest chart:

http://stockcharts.com/h-sc/ui?s=QGL...d=p52083940009

As you can see, this one is a perfect bounce play. Look for this one to make some positive moves in this coming week.

Good luck

Yeah I was gonna say.... it will hit $2.00 before it ever goes to $1.00

Notice the embedded stochastics in the oversold area that now just went into positive divergence headed up for the 20 line... MACD is positive still which is a huge indicator. Oversold + low float could = a goldmine IMHO

Good luck guys

Yep, QGLY has reversed its downtrend and has now gone positive, up 6% already ! Slow climber that is bucking upwards even during this declining market.