volume today, page-2

I am keeping an eye on this one...

They do have land but do they have enough funds to explore it...and is management up for it if they do find something...



The following information on QUR was written by Catherine Davey a stock market analysis…

With a history of prices over $7 and an extraordinarily long-term basing pattern, Quantum Resources has big mover status in spades.

The mineral explorer has been in basing mode since reaching a low of 1c in 2002. The upper extreme of that pattern is at 11.5c and was reached for the first time in September 2003. A smaller double bottom pattern was started to form in 2005 and confirmed in March 2006. Although it sent the price has high as 9.4c, it failed to trigger the confirmation of the base which would have involved a close above 11.5c. The price then tested the downside to the tune of 2.2c in August last year. The price recently retested that level again and has, so far, rejected it.

Outlook

A new double bottom pattern is confirmed if QUR can close above 6.6c. This would give a minimum target at the 11.5c confirmation point for the long-term basing pattern. A close below 2.2c and next support is at 1.4c.

Support:- 0.022; 0.014; 0.011

Resistance:- 0.042; 0.066; 0.115; 0.19; 0.24.