So far over sold it's not funny IMO.HOPEFULLY, it will close a...

So far over sold it's not funny IMO.

HOPEFULLY, it will close a bit higher than it's current level forming a lovely hammer after a gap down today. That would be a nice signal for a reversal IMO, closing the gap up and continuing Northwards until further announcements come. The low today was on my longer term uptrend support line and sitting just above the 200day EMA. Of course all this depends on what the close is today.

If the above scenario fails then price will probably fall further and fill the gap around 9.7, but to me at least the selling today based on the particular announcement is a bit of an overreaction. It wasn't bad news, just a time delay and management have advised that.

QMN has a good story to it IMO so I continue to hold based on the fundamentals.

Good Luck to all whatever you decide to do.

CC