QPM
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0.00% 3.4¢ queensland pacific metals limited

QPM Chart, page-1933

  1. stephenc678
    243 Posts.
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    12/11/21
    18:07
    Post #: 57539734
    Are you also predicting Nickel price to fall fairly sharply, to get to your latest target?

    The pullback from mid October highs correlates near perfectly with Nickel price pullback, as QPM price often does. Reason we are stabilising now seems largely linked to Nickel price recovery.


    https://hotcopper.com.au/data/attachments/3788/3788872-bef2c2c9cbee3a47037690299db81248.jpg

    Same thing but with some free hand mark ups to highlight correlations. Bucked the trend just once on the run up to all time highs on 28/29 Sept.

    https://hotcopper.com.au/data/attachments/3788/3788875-984f244cb21f32292f26f4abfcbefe6a.jpg

    Last edited by stephenc678: 12/11/21
    QPM Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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