Brief Note on QA6 Dec 2025 23:48
For those who are interested, when we constantly bounced off 20p, I explained that was a significant historic resistance level but once broken and left behind there was really nothing to stop us until 32p.
I think most will agree, we breezed through the twenties, and yes there was the bid to bolster that but the TA always said next headwind is around 32p.
Just as we bounced hard off 20p on our first attempt after briefly passing it that day, the exact same pattern emerged with 32p yesterday. Whether you believe in TA or consider it tea leaves, the Maths says this is absolutely what happens on the way back up to previous highs and we can expect another struggle at 32, though not as severe and stubborn as the one at 20p.
As a trader I am bullish that it will be broken, As a long term investor where the mantra is to look for value versus mcap, I am absolutely certain of new highs.