As expected we have had an initial test of the 0.490 resistance line, which was followed by a subsequent pull-back to the 0.455 level - now developing as a new support line. I'm predicting another test of this resistance line again during the week, which should hopefully flush out the sellers and leave QFE to sit on a new support-line at 0.490-0.505, leaving us clear to test the 0.585 high from September.
If this price movement is supported by a re-confirmation in results from the business, then it will be a rocket!
Looking at the ratios for EV-to-Sales and FY20 revenue to market cap, this stock is still under-represented when compared to peers in the fintech space.
To the moon!
QFE - Chart, page-478
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Last
7.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.24M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8185 | 6.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.2¢ | 415000 | 2 |
View Market Depth
| Last trade - 16.12pm 02/09/2024 (20 minute delay) ? |
| QFE (ASX) Chart |
Day chart unavailable