QPM 2.94% 3.3¢ queensland pacific metals limited

I don’t see the same HnS pattern on the nickel chart.A nickel...

  1. 243 Posts.
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    I don’t see the same HnS pattern on the nickel chart.

    A nickel surge and fall likely caused the left shoulder for QPM.
    Some hype from traders to retest that high, perhaps unaware of correlation to nickel price possibly caused the head.
    Then the right shoulder again could be explained by the nickel surge and retrace.

    As it is, the nickel price seems to be heading back up now, per the long term uptrend that is expected to continue, so I don’t see the HnS pattern playing out for QPM if it does!

    https://hotcopper.com.au/data/attachments/3788/3788928-4a3437dea0cc8a9d44fdaeac85c846b1.jpg
    Last edited by stephenc678: 12/11/21
 
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