QPM
- First time doing a written analysis on QPM
- Stock started to show uptrend in 2021
- Currently trading near a resistance that was formed in 2012 -> it would be more difficult to sustain the overall price trajectory
- I usually classify stocks less than 50 cents as a penny stock as a relatively healthy pullback to the short-term support could see price swings of 10-20% -> too volatile for me
- A stock that attracts short-term traders but it’s advisable to stay away if you prefer peace of mind
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for overhead resistance to be broken first. Only enter if comfortable with the price swings
- First time doing a written analysis on QPM
- Stock started to show uptrend in 2021
- Currently trading near a resistance that was formed in 2012 -> it would be more difficult to sustain the overall price trajectory
- I usually classify stocks less than 50 cents as a penny stock as a relatively healthy pullback to the short-term support could see price swings of 10-20% -> too volatile for me
- A stock that attracts short-term traders but it’s advisable to stay away if you prefer peace of mind
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for overhead resistance to be broken first. Only enter if comfortable with the price swings