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Bullboard - Stock Discussion Forum NORTHQUEST LTD. V.NQ

"Northquest Ltd is engaged in the exploration of gold and other metals."

TSXV:NQ - Post Discussion

NORTHQUEST LTD. > we did see low .50's on Friday
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Post by teheran10 on Sep 10, 2012 11:47am

we did see low .50's on Friday

if that was the case of low .50, why are we going up today, it does not make any sense. I can see you point but lots of buying in .70's today. 

I am expecting us going steady upwards this week. JMHO

Comment by Cokedrunk on Sep 10, 2012 11:55am
We see low $.50s Friday.  Because it was overbought on Thursday when it open $.95 and touch $1.   We move up today because we went down to much from Thursday open price from last 2 days selling action.   This is technical analyst at its finest..  You need to see the price wind down before it pop up on sentiment from future drill result being good.  Thats why bashers were ...more  
Comment by biren1 on Sep 10, 2012 12:49pm
agreed, keep in mind with only 30 million shares outstanding, it does not take much for this to go up and down on a few bids/asks. Lots of profit taking from a $1 down made it way oversold into the 50 cent range on friday. Now with that selling done, buyers reentering bringing it back up. Question is what is the median level for the trading after all the daytraders are done. Might be in that 75 ...more  
Comment by exakt on Sep 10, 2012 12:52pm
ehe, are you on drugs or what? Low 50´s good luck with that, i would rather say that the 5 day chart is forming a perfect cup&handle with 76cents as resistance and breakout target of 85cents.   I would like to see it happen in the hour tp form the perfect c&h and by the moving average´s right now it´s in positive territory to do so.   Exakt
Comment by Cokedrunk on Sep 10, 2012 1:13pm
5 day chart?  What are you talking about.  It has only been 3 days of trading when news was release.  End of day will determine if you are right or I am.  If it ends up at high then it might go up to $1 tomorrow.  Got my sell limit trigger at $.67.  So happy with it.   Technical Analyst is right for me 90% of the time.  So I am waiting it to play out the way ...more  
Comment by exakt on Sep 10, 2012 1:50pm
Use the 5 day chart and zoom in, realy simple.. Cya in a few hours.   Exakt
Comment by exakt on Sep 11, 2012 1:30pm
Well the chart looks good and NQ has formed a nice cup&handle on the 5days chart, and is ready to form another one in the intraday chart aswell. That target if 0,85$ breaks, is another top  at 1,00$   And NQ still at 21M/cad market cap, just my opinion.   Exakt
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