$QNT is loosing support on the weekly chart after breaking to the lower side of the golden pocket.
The golden pocket lies between $133.9-$80 as given using the Fibonacci. The area id marked on the charts in red.
A break to the lower side of the golden pocket means #QNT can see a massive breakdown to the next support at $62.3.
On loosing $62.3 watch for a massive breakdown move to $40 and possibly making a new bear market low. On holding support at $62.3 watch for a breakout to $100 and $1000 in the bull market.
