lowtrade

[lowtrade]

Just a note about LQMT's post a little while ago.

I just checked the chart again, as I do from time to time, looking for a new LQMT play. And, this time, it is presenting a Heads & Shoulders pattern. (Negative) Expect a strong retrace (ADX indicator is above 50) when/if the 26 cent neckline is reached. Could see another nickel down to the 21 cent area again. Mentioned this sort of thing happening at LQMT in last post. Well; I expect to see it again.

Take profits if you have them. IMO

Heads & Shoulders pattern;
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_top_reversal

LQMT chart;
http://stockcharts.com/h-sc/ui?s=LQMT&p=D&yr=0&mn=6&dy=0&id=p92136303176