QPM 6.06% 3.5¢ queensland pacific metals limited

I hope you're right @slick - a few more of my buy orders will...

  1. 80 Posts.
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    I hope you're right @slick - a few more of my buy orders will get filled if you are haha

    I'm exited about the weekly because looking forward more than a few days/weeks, it looks like there is a bottom in place at 16c, and momentum is likely to shift:
    • Weekly RSI hasn't been this low since like 1c.. We've got some massive bullish divergence in play.
    • Since that low, there's been a 1200% rise - not expecting history to repeat, but not not expecting it to sort of repeat.
    • Stochastic RSI has been flatlining, can only go up from here, and all it would take is some more fundamental good news - a lock for that $250M debt facility will probably do just that, plus im sure theres some more good news in the pipeline.
    • Last few times we've been this low on the Stochastic, there's been a sharp 100%+ run.
    • Macro environment is great for the future facing commodities that QPM are involved in - if they were in petroleum or energy coal, I wouldn't be as optimistic despite what the charts are saying.

    Anyway, here's a chart with some scribbles looking forward a tad.

    Cheers - Woly

    https://hotcopper.com.au/data/attachments/3903/3903409-f9f124a14af3153645a69fea76069539.jpg

 
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Last
3.5¢
Change
0.002(6.06%)
Mkt cap ! $88.22M
Open High Low Value Volume
3.3¢ 3.6¢ 3.3¢ $69.43K 1.967M

Buyers (Bids)

No. Vol. Price($)
4 503558 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 189743 3
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Last trade - 12.20pm 11/07/2024 (20 minute delay) ?
QPM (ASX) Chart
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