Text me if you have any questions/comments for me.
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QPM
- Previous analysis was done on 15 Oct (red arrow) - Suggested entry at current levels if comfortable with the setup and the stock’s price volatility
- Since then, the stock created a LH and quickly fell back below the mid-term support
- Short-term average no longer offers a strong support -> not a good sign
- Today’s price action has broken through the 22.5 cents support level
- The mid-term average is now a resistance
- Immediate support looks to be around the 20-21 cents zone
- Strategy-to-buy (DYOR) – Suggest waiting for the stock to recover to around $0.27 levels
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QPM
- Previous analysis was done on 15 Oct (red arrow) - Suggested entry at current levels if comfortable with the setup and the stock’s price volatility
- Since then, the stock created a LH and quickly fell back below the mid-term support
- Short-term average no longer offers a strong support -> not a good sign
- Today’s price action has broken through the 22.5 cents support level
- The mid-term average is now a resistance
- Immediate support looks to be around the 20-21 cents zone
- Strategy-to-buy (DYOR) – Suggest waiting for the stock to recover to around $0.27 levels