QMN 0.00% 16.8¢ queensland mining corporation limited

techincal update

  1. 13,576 Posts.
    Below depicted is a lovely slanting rectangle..text books tell us that a slanting rectangle on ever decreaing volume after a spike is a very bullish formation and buyers are in full control pulling the sellers lower..
    I believe that we are getting close to a heavy volume day accompanied by a higher share price..(news related)

    To conclude and imo once we break above .06 my .12 target will come into play quickly...

    P.S The big buyer few days back was buying for a reason a reason that will be revealed in the not to distant future..

    god bless.
 
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