QPM 15.6% 3.7¢ queensland pacific metals limited

QPM Chart, page-1776

  1. 419 Posts.
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    play nice everybody
    I flagged from last week 20c was a possibility and I was probably the only one here that said buy at 20c in peak selling yesterday.
    Everyone looks at charts differently, it's all about managing risk.

    My charts said buy at 20c, I initially thought it wouldn't break 23c believing a wedge would form. Other people's charts said a bit more to go.
    The sell signal was pretty apparent at the right shoulder regardless.

    Pretty crappy timing today on the halt though, we could have pushed a lot higher with momentum from the doji yesterday, and the indices at strength with both the RBA and FOMC over now.

    I anticipate another dip in the indices next week before US CPI print, so building on the momentum today from yesterday would have been very nice SP wise.

 
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