I like a good raise in SP like anybody but the action today is clear. Market is looking for concrete stuff, less planning to do this and that and probably better way to buy out Medcan/ MCL. However, QBL has shown they listen and can adjust, so I do have an uptrend forming long term.
So keep cool, shares are long term investments. Here is my read on the future looking at the chart.
Action today and yesterday aligns with Cap raise. 8C by Jan 2019 is a realistic target. It lines up with the calendar highlighted in the announcement.
Seems the pump and dump days are over and a slow rise to 8C -10 C is my scenario.
I see a drop short term (A), then bounce In July /August (B) as more news come in. I think we'll settle over 10c in 2019. (D )
Have all a good week end.
QBL Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
