QPM 2.22% 4.4¢ queensland pacific metals limited

Descending triangle pattern is forming but imo too premature at...

  1. 72 Posts.
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    Descending triangle pattern is forming but imo too premature at the moment. If it dips to 14 to 15c these few days, buy hard as its 100% a fakeout.

    Like i always said we still have strong support on the weekly 55 ema. any dip below 16c at the moment is a fake out. and now with the us market hit a highly probable bottom, watch this space as the sell the news is finishing.

    i will only be worry if the pattern plays all the way out till the right tip of the triangle and if we dont catch a bounce, in that case expect a dip to 14c for a few days before blasting off to space.
    Refer to the $BRN chart from 36c to understand what i am talking about.

    Invest safely.
 
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