QBL Paying Dividend, page-40

Good afternoon QBL ers welcome to 59's end of day wash up.

Well it certainly was a day of surprises. I am sure many of you guys didn't expect to be sitting @0.068 at the close of auction today. So what was going on with QBL today?? Why didnt the Pr.S. ANN kick off the buys again?? There may be an explanation and here is my " Call it as I see it" observation for you guys today.

[These are just 1 traders opinion. I am not a financial advisor. DYOR on all my posts, and choose to ignore completely if you disagree]

OK!.......

The Market was pretty much in GREEN today. Materials, Healthcare and Industrials were down. QBL bridges across Materials and Healthcare. Past data reports has shown that when these sectors were down QBL actually traded in GREEN. So why did it finish in RED today?



I didnt post a wash up last night as I got some trading flags when I did all my stats. I decided to leave it until just before opening to post my charts as I wanted to see what the market was saying in the Buy & Sell Queues. As you have come to see I am very careful about posting exact predictions but I will do my best to warn or post a range of data.

Here is what I my charts flagged last night and confirmed this morning.
1) Ping pong trading was now in play.
2) Trading band range with equilibrium was continuing with in 0.07 to 0.08.

What is ping pong trading? Newtons Third law of Physics states that for every action there is an equal and opposite reaction. I believe as QBL is being allowed to grow naturally, and in a positive trading environment, as mentioned before, it has reached a "Sweet Spot" of trading. My charts show me these from time to time.

With a ticker in equilibrium, IMO, it can allow a pendulum of trading effect to take place and IMO, QBL appears to be swinging within a 1c tick range. GOOD ANN's and buyer confidence push it (+) and BAD ANN's, Sector forces (D/T's) and delays in ANN's can  push it back (-). QBL also may have little extra push with EVE/QBL traders involved , so a little higher or little lower finish. AIMHO, of course. Have a look at today's chart.







Now regarding trading strategies, as this is a public forum, I will tread very carefully and not be making any comments other than to say that if you DYOR you may find that QBL and shareholders are in a very positive time to move forward from here. Sorry guys cant say more than that as the outcomes of my data from the past month could be misconstrued.

Here are today's trading figures.
The trading figures for QBL  today were:
ASX: TOTAL VOLUME: 57,512,909 TRADES: 804 TURNOVER: $4,145,043 V.W.A.P. 7.207 CLOSE: 0.068
Chi-X: TOTAL VOLUME: 31,120,587 TRADES: 505 TURNOVER: $2,247,274 V.W.A.P. 7.221
CLOSE: 0.069

COMBINED: TOTAL VOLUME: 88,633,496 TRADES: 1,309 TURNOVER: $6,392,317
V.W.A.P. 7.214 CLOSE: 0.068 (ASX)

Let's see what next week brings and what opportunities are there for QBL and its shareholders.

Have a good weekend.

Cheers.....59