chart looks like its setting up for whats called "small cap effect" It can happen in waves to the same stock many times over. For instance a stock will usually rally on the back of an upbeat announcement ? such as a resource discovery. Next the share price may fall back as the initial excitement wanes. But because the discovery has taken the stock to a new level, it?s not often the stock price will fall all the way back. From this point the stock can tread water as investors wait for the next exciting news. This period can last days, weeks, months or even years. But once the next news breaks, the stock can take off again? and quick. For the most part you want to get in early, before the real price movement occurs. Asci
QMN Price at posting:
13.0¢ Sentiment: LT Buy Disclosure: Held