Regency View:

Quartix (QTX) – close at 370p

With Brexit uncertainty coming back to the table in recent weeks, it’s a good time to do a little portfolio spring cleaning.

We’ve been very patient with Quartix as the vehicle tracking business was hit hard by the pandemic. This patience has paid off as the shares have recovered over half their Q1 losses. However, this recovery now appears to have run out of steam and the shares have failed to break above multiple levels of resistance in recent weeks.

With this in mind, we are going to close our position at a modest gross profit.

Gross Profit = 10.4%

QTX Daily Candle Chart