thought i would put together a chart that shows where QMN currently stands
you will see the yellow range is where we have been trading since June....we are at the bottom of the range, so you would be expecting price to move back to the top of the range to about 10c
see how the purple line provided strong resistance previously?....todays independant valuation has provided enough incentive for us to shoot through this resistance level with no problems
there is a higher low shown by the black line on the stochastics....this is a bullish sign that indicates the share price is going to increase
lastly, the blue arrows show the repeating ranges that QMN has completed.....if we were to repeat this range again, the target would be closer to 11.5c
slow and steady it is, but charting principles can assist in the explanation of price movement.....gl holders!
independant t/a to compliment independant f/a
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