RE:Future technical moves; 33% gain in 14 days?The below had to be the dumbest pumper prediction I have seen in awhile!!!!
Trademark11 - (10/12/2021 5:35:39 AM) Future technical moves; 33% gain in 14 days? Now that Quipt has fundamentally reached key goals of 150,000 patients and $100MM + run rate, now it is time for the technicals to lift this name.
Qipt.N popped its head over the downtrending line yesterday. Low volume but, nonetheless, may signify the end to this 4-month, diamond consolidation correction (started JUNE 2,2021), and longer 8-month dowtrend.
Right apex of consolidaiton pattern (which often represents timing of target price realization) is October 29, 2021, and price target is $8.05-$8.35USD according to my measurements....meaning potentially a 33%-ish gain in the next two weeks (?).
High likelihood of failing without volume kicking in and needs to stay above 6.20 on the close for a while. I will be taking short term profits (only) at target price as I suspect many will , so second buying opportunity may present .
If management is planning on doing another acquisition to reinforce their fundamental position, this week is the time to do so. Fingers crossed......