QMCO Opinion - For fun, I inverted my chart to give the impression that a bullish move is acting more like a bearish one LOL. I kid you not, it almost relieves some subconcious stress around a stock having to overcome gravity to move up LOL wild. Click on the gear on the lower right hand corner of your chart, under the price column (if your price column is right justified). - Opinion
QMCO Opinion - this chart is as beautiful to me as the matirx generated woman walking down the New York street in a red dress is to NEO LOL. So, 1 day column chart to remove some of the chatter. What I see is a multi-year cup with a bottom apex having formed in the last quarter of 2024 BUT excentuated by an out of band drop during that period*. Had the excentuation not occured I would have expected to see the cup bottom at roughly $7-$8. So given that out of band bottom drop the stock had to reciprocate with an out of band move to the upside which reached $60. I think the stock has returned to a more stable price action pattern so I would not expect to see another range move like the $2.5 to $60. Wouldn't that be nice LOL. What I do expect near term, as in over the next week or two is, the stock to move similar in form to the upside move that occured in the first quarter of 2024. Two upside tops before another move down to retest the now upward forming multi year cup. Presently, the first of the two tops has formed so the second is expected to be incoming. If volatility does not come into play, I could see a move to between $13.6 and $14.6. If volatility on the back of momentum comes into play I could see a $20-$23 top**. Feel free to question my analysis as I value divergent observations. That's the benifit of having community. *Hint: when you see a well formed bottom curviture and then a major drop-off, it is often followed by a equally outsized move up. Does not matter the timeframe (inverse concept for for short sellers). **Major pops often come in pairs, with the second falling in line with the FIB sweet spot. Rare but when the very long trend is forming to the upside, that major pop is retested. So if rare is the case, a roughly $55 topping. - Opinion
QMCO Opinion - I can't post my chart from mobile app so will later from my PC as a response to this Mind. But what an absolute gem of a stock, chart wise. Traders with multi week hold times and who trade in the $10-50 price range will find this one very attractive. -Opinion
QMCO Opinion - For fun, I inverted my chart to give the impression that a bullish move is acting more like a bearish one LOL. I kid you not, it almost relieves some subconcious stress around a stock having to overcome gravity to move up LOL wild. Click on the gear on the lower right hand corner of your chart, under the price column (if your price column is right justified). - Opinion
