chart looking very bullish

Hi Guys,

Fundamentals aside:

The chart looks great and beginning to mature as the next lef (hopefully) presents itself.

DAILY CHART

The 10 day Moving Average and the 20 day Moving average is hovering above the 50 MA on the daily chart. This confirms that shorter term bullish action are in control of the market at this day. Also a few backs, when prices fell from 2 cents to 1.4c, the 50 MA caught and held the price very well and makes great chart development going forward.

More importantly is the Weekly chart:

The 20 day MA crossed the 50 MA a while back indicating that the average price over the last 20 weeks is higher than the average price of the last 50 weeks.

Obviously what the chart does NOT know is what lies beneath the ground. But as far as price action is concerned, QPN is at the starting gate ready to pop, and aggressively too, on good results.

RESISTANCE

Resistance is 2 cents at the moment where a double top has formed.A break of this, TECHNICALLY, could see prices then move to 2.8c, then 8-ish then 11.5c to 13c.

This is how I trade in principal so DYOR.

LoneWolf