Maybe, but it seemed to me normal trade - finishing near high not highest.
If you look at my previous posts, I was able to pick up this rise which happened in 6th week. I was thinking it will consolidate between 23 and 26 with average around 24, for around 4-6 weeks. I had put my trading parcel for sell on 27 and this got hit today, so I am not left with any trading stock.
Two things can happen - either it will consolidate between those two numbers (23-26), but a bit wider swing say between 22 and 27, or do a breakout. If its a breakout, this means this period of consolidation could be between 1-2 weeks or an announcement. We are in first week now. I will be watching very carefully as I do want to have a trading parcel before it does a breakout. If its normal consolidation will look to buy back on lower range. Lets see. All the best.
QPM Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
