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Woa! QNTM stuck its head out *above* my channel today.
(Up 8%!) QNTM has gone from 18 to 33 in two months. (My basis is
$19, a 74% gain :-)
I draw a Raff Regression Channel from 5/30 to 7/30. This channel is
parallel to the 26-day Moving Average. And the top line touches the
last three peaks.
This looks like a solid, verified channel, and I am loath to re-draw
it to accommodate today's new high. So I have to consider whether
this is an exhaustion breakout. But I hate the idea of giving up such
a winner.
I'll be looking for signs of a top over the next few days.
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