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Re: hinchback post# 3325

Wednesday, 06/25/2014 3:16:40 PM

Wednesday, June 25, 2014 3:16:40 PM

Post# of 4434
I don't see where you think "chart is bullish". So far all QRM has done is its typical pattern, which is a nice multi-day 'pop' (3-5 days typically) upward after hitting very oversold conditions. So far QRM is struggling to hold its needed .32+ (& it failed to hold prior .34+) while overall volume is dwindling.
Chances are likely it will go back below .30. that is if today & this week it does not hold .32+.

Unless we get some great news, then we obviously we'd see higher above .40+, but you can not expect that to happen, and if you do, then you are a gambler just guessing & throwing darts at a board blindfolded!
And if you did really good due diligence you'd see that there is not likely any good news in the near future happening for QRM, so all that we can do here is short term trade the technicals & base trades on history of chart patterns of QRM, and using that it likely will see a pull back below .30 into .20's again.
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