Quantum Materials Corp. (fka QTMM)

[Hou-trader]

Prices are based on investor sentiment. Seems like the panic capitulation day was on 12/2 when the low hit .025. Notice sideways trading since with very low volume last 4 days. IMO that means no strong conviction to buy or to sell. It's easier to sell though, since traders get bored. IMO it seems like normal profit taking after a strong almost 150% advance in 16 trading days. A close at .042 would be a good sign, and at .045 even better. Charts work 70% of the time so it's possible that I am wrong. If you look at the green volume spike days (daily chart) beginning 9/25 seems like the green spike days are greater height mostly than red volume spike days except for 10/9. Seems like accumulation began then. It's interesting to see what happens. It could take weeks before their is decisive sentiment to determine direction. Let's see what happens :)

Notice the lower wicks on the candles. Buyers are coming in supporting a higher price.