Thank you for that Stephen..the bulk of this thread has become focused on the head and shoulders pattern, so let me show you something, these are very common and a good chartist doesn't need to know the fundamental situation yes believe it or not ...HnS is a supply/demand situation not an FA situation and QPM is no different. patterns tells us quite a bit more and certainly a lot sooner than the FA..now the only reason there is so much angst on this chart thread is that this particular HnS pattern was a bearish one and it brought out all the sooks end of story....here below is a sample of other HnS patterns which I've posted on with no complaints at all..why? because they were bullish ones these are the ones I like to trade..now we can also see form these examples that they initiated a very long term trend in most cases HnS is a long term reversal pattern when it takes a hold.. most of these I traded very quietly with the occasional trend up date ...this is a random selection of a few, now notice that the "head" in all these situations bullish and bearish was never breached again..SBM in particular later on became a double top at the Head ..so they should be taken very seriously from a TA point of view...![]()
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QPM
qpm energy limited
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QPM Chart, page-2959
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Last
3.6¢ |
Change
0.001(2.86%) |
Mkt cap ! $102.5M |
Open | High | Low | Value | Volume |
3.6¢ | 3.7¢ | 3.5¢ | $137.5K | 3.821M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 2141088 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 891939 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 365646 | 0.036 |
22 | 1968724 | 0.035 |
5 | 993705 | 0.034 |
11 | 808455 | 0.033 |
6 | 665576 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 666439 | 5 |
0.038 | 635310 | 4 |
0.039 | 523811 | 6 |
0.040 | 1869327 | 8 |
0.042 | 87287 | 2 |
Last trade - 13.34pm 22/07/2025 (20 minute delay) ? |
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QPM (ASX) Chart |