QLYS – Qualys Inc. – Weekly Chart –  up off the lows last week indicates support

The cloud security service provider is currently forming a flat base pattern. The flat base has formed on the back of a long term base breakout as shown in the chart.

A flat base needs to be least 5 weeks long and be preceded by a prior uptrend of at least 30%+

Buy point on QLYS is 44.45 (or on pullback to the 50-week moving average).

QLYS - Qualys - Weekly Chart