Simple chart breakdown using Fib retracement from the low last April ago shows some interesting levels for LQMT. 618 area has been a pivot over the last several months acting as support and resistance at times. The last few tests of this level didn't yield a successful breakthrough and hold but Friday's action seems to have sustained gains above the 618 Fib line....
Since mid July the stock has seemingly began to find some support and has now regained extra support from the 5&13 EMA's. All indicators are on a upward bullish reversal and show some divergences from the price action, buy side volume has also become dominant. For safety its wise to wait for continuation before entering a trade, but at this point of entry the...
No resistance until .40 33% upside potential IMHO. New manufacturing facility. Machinery can now manufacture larger parts. Can produce parts for less than conventional part makers. Recent approval to produce parts for medical applications. Wise (and connected) CEO. Do your own due diligence and always invest wisely.
$LQMT - Break out above .2910 would mark a nearly 3 year high. Could happen tomorrow AM as LQMT draws increased attention with it's new production equipment and facilities. Do your own due diligence.