Jan. 5 at 10:30 PM
$QMCO
It has been trading in the
$6.6-10 range for some time, so if one was alert, they could have entered and exited several times.
It has once again tested the support at £6.6 and, rebounding, is returning to resistance around £9.5/£10.
If there is any positive news and volumes increase, we could move towards resistance between £14 and £15.
The company has shown that it wants to change things, starting with leadership and reducing its debt.
At the helm now are big names who have worked in successful companies, and everything points to a revival.
I am confident of a target price of £17/£20.