Share price chart30 Jul 2022 22:30
When share prices move laterally in value for ages ... then once there is an upward breakout, the subsequent price rise can be huge. The longer the delay in achieving the hoped for breakout : then often the bigger is the explosion upwards.
QBT has exhausted one's patience in this respect ... the waiting game. However trade volumes have now dwindled to a trickle. An old adage is NEVER SELL A DULL MARKET SHORT may suggest that we could be at the start of a new beginning.
As long as our market maker friends don't achieve manoeuvring the share price below, say, its two year low, then we're more than OK for a spectacular rise.
So tell me another share price profile matching that of QBT's performance, albeit with enough volume recorded in daily trades , and which might be a better competitor.
I haven't spotted one yet.
We're itching to go up.