Looking at the recent upwards move and its correction, and using Fib extensions my next long term target is towards $8 but that's a long way to go.
Lets first look at a smaller time-frame: I see that $QRL bounced strong after the last dump, which gives me a calculation for next target which is projected on the chart. We might have started a new uptrend which leads to that $2 but I need to be convinced more before I'm more sure about that. Therefore, I want to see breaking it out of this downtrend. Once broken out, we can buy.