A golden cross has just occurred for QHL indicating a potential major rally in the share price. The fifty day moving average has just crossed the 200 day moving average with a good level of insider buying at similar price level (8.7c-8.9c in November/December). The company recently acquired boeing Australia component repairs with revenue consistently growing the past five years and expected growth of approximately 10% this financial year. The company is in very solid position fundamentally and could potentially benefit greatly from any increased military tension in Asia (lets face it there could be plenty in the next few years).
I can see the share price easily hitting 14c again (a level it has reached previously in the past several years) in the next 3-6 months. Despite proving itself Covid resilient the share price remains discounted heavily having seemingly been thrown into the same category as airlines.
Personally I have backed up the truck on this one, I love to read some of comments on here from some of the stale holders, good indicator its time to buy.
In my opinion 2021 QHL is set to make a major recovery, hold onto your hats, good things to come.
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