MNQ 0.00% 0.0¢ minquest limited

Here you go @mits and fellow holders :) Overall I'm placing my...

  1. 1,509 Posts.
    Here you go @mits and fellow holders

    Overall I'm placing my bets on a move up next week. If DD is released on Monday then that is a perfect catalyst along with where the TA currently stands.

    Daily chart- Bit of a pennant/symmetrical triangle forming especially with today's low volume tight spread. Being optimistic..If we can break upwards, could see us  have a go at the daily/weekly resistance at 3.7 to start.
    If it plays out the full pennant, could be headed towards 4.8 in the ST.

    Of course patterns should be treated neutrally till a confirmation of  direction. In the case of breaking lower.. 2.2 and 1.9 are important support areas.





    Weekly chart-  Largest ever weekly volume in the stock's history and a nice breakout on all fronts on the weekly to confirm a reversal from the previous downtrend.

    Candle highlighting a tad of supply up top expected from profit taking with a few other resistance points in the way, but once we  breakthrough 4.3 , will be in blue sky territory as there aren't any  major resistance points afterwards.


    Have a great weekend
 
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