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2.70%

3.8¢ queensland pacific metals limited

The range now is in the lower half of the head and shoulder...

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W3hunter

14,450 Posts.

7961

01/12/21

11:26

Post #: 57989834
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Originally posted by 88aaj ↑

I agree, its range bound, with more sellers than buyers though IMHO.
Broader market fearful, thanks to media and politicians in fear mode over COVID (again).
Stocks like QPM, where there is a certain percentage of punters who have bought the stock on the story and not really in it for the medium/long term, nor have done any real DD, will get out as quickly as they got in. The technicals are telling us this is what's capping it and giving it downward momentum at present. Just my opinion.
What do they say, 'Amatuers open the market, Professionals close it', thats certainly what happened yesterday.
Good opportunity to accumulate IMHO, but do it slowly and in steps.
DYOR & GLTAH

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The range now is in the lower half of the head and shoulder pattern (wave C)..between 24.5c and 18.5c with another more immediate range in the lower 50% of that again 21.5c-18.5c but you see that upper trend line ..price will not cross that trendline while daily MACD is below its axis line, so we have quite a bit of waiting to do while price shuffles across. "counter trend" trading is the name of the game till then..imo

Last edited by W3hunter: 01/12/21

QPM Price at posting: 19.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 3.8¢		Change 0.001(2.70%)		Mkt cap ! $95.80M

Open	High	Low	Value	Volume
3.8¢	3.9¢	3.8¢	$211.7K	5.553M

Buyers (Bids)

No.	Vol.	Price($)
2	485343	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	735000	4

View Market Depth

No.	Vol.	Price($)
2	485343	0.038
4	279309	0.037
2	1691212	0.036
6	1926036	0.035
3	65102	0.034

Price($)	Vol.	No.
0.039	735000	4
0.040	1379327	10
0.041	215467	3
0.042	571685	3
0.043	513149	2

Last trade - 16.10pm 09/10/2024 (20 minute delay)

QPM (ASX) Chart

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