I agree, its range bound, with more sellers than buyers though IMHO.
Broader market fearful, thanks to media and politicians in fear mode over COVID (again).
Stocks like QPM, where there is a certain percentage of punters who have bought the stock on the story and not really in it for the medium/long term, nor have done any real DD, will get out as quickly as they got in. The technicals are telling us this is what's capping it and giving it downward momentum at present. Just my opinion.
What do they say, 'Amatuers open the market, Professionals close it', thats certainly what happened yesterday.
Good opportunity to accumulate IMHO, but do it slowly and in steps.
DYOR & GLTAH
QPM Chart, page-2401
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 (20min delay)
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Last
3.7¢ |
Change
0.001(2.78%) |
Mkt cap ! $95.80M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.8¢ | 3.6¢ | $34.91K | 946.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 569800 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 1453303 | 3 |
View Market Depth
| Last trade - 12.32pm 12/11/2024 (20 minute delay) ? |
| QPM (ASX) Chart |