Quanta Inc (fka QNTA)

[PennyWorld]

IMO too many traders are following this ticker using just technical analysis (TA). I personally have been trained on and use both technical and fundamental analysis (FA), so I'm familiar with both disciplines.

IMO, for the most part, this is and should 'not' be a TA play.... unless you are a scalper, day trader, or swing trader. However, I personally feel that there are too many micro trends on this chart for those approaches. IMO this is predominantly a FA play, which requires patience while progress unfolds. It's important to know and watch the O/S and Float though, since insiders will need to sell shares (dilute) to raise $ to pay the bills.

If you are in this as a FA play, I would simply not stare at the price throughout the day. That would be a waste of time IMO. Set your broker price alerts, and as they say - "get a life". The price will surely have it's ebbs and tides (thanks to the MMs) while we wait for progress to unfold on the FA front. And a lack of reported progress (PRs) usually results in an expected southern drift of the pps (where we are today).

JMHO