QUEST RARE MINERALS LTD V.QRM

Primary Symbol: QRMLF

Metals & Mining Industrial Metals & Minerals

Quest Rare Minerals Ltd is a Canadian exploration company developing Strange Lake rare earth deposit in northeastern Quebec, Canada. The Strange Lake REE deposit contains quantities of all the rare earth metals used in permanent magnets. The company is to become a supplier of rare earth oxides for the permanent magnet industry to be used in variety of industrial and consumer applications including wind turbines, automobiles, consumer electronics and medical equipment. Its project portfolio includes Strange Lake Rare Earth project, and Strange Lake Preliminary Economic Assessment.

EXPM:QRMLF - Post by User

QUEST RARE MINERALS LTD

Bullboard Posts

Post by LAcafeon Jan 16, 2014 12:09am

201 Views

Post# 22097207

Bullish

Quest Rare Minerals Ltd forms bullish "Outside Bar" chart pattern
Jan 15, 2014

Recognia has detected an "Outside Bar (Bullish)" chart pattern formed on Quest Rare Minerals Ltd (QRM:TSX). This bullish signal indicates that the stock price may rise from the close of $0.52.

Tells Me: Selling pressure showing signs of exhaustion; we may see higher prices at least in the short term. An Outside Bar (BULLISH) develops during a strong downtrend, when the trading range completely encompasses the range of the prior bar. This signals an exhaustion of the prior downtrend and potentially a reversal.

This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.

https://site.recognia.com/recognia_news/serve.shtml?page=event&eid=CAvvC_AAk2rQBxgABAACAAAA_iJg&lang=en