RE:RE:RE:RE:RE:RE:RE:We are againLets forget about the fundamentals conversation for a moment. Looking at the past 2 large Quipt retracements, the price went down to approx the 23.6% level (top-bottom).
If history rhymes the 23.6% retracement level for this current leg would take QIPT to approx $6.00. Measuring from around 5.50 to 7.15, the 50% retracement will be 6.40.
RSI and Stochastic are diminishing and usually QIPT presents an opportunity to buy below an RSI reading of 40 and when K and D are below 20% on the stochastic. Also, historically (outside of 2020) late July - early August has seen downward price action and usually ramps end of August/September (slightly before or just after their earnings report).
Barring any MATERIAL news, I'll start nibbling a bit lower and hopefully have a nice big buy around 6.
If I miss it and we just go up - amazing.