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Microcap & Penny Stocks : Quest Patent Research Corporation

QPRC 0.121

0.0%

Dec 15 9:41 AM EST

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To: Retaylor who started this subject	2/14/2001 12:15:08 AM
From: Charles Kalb	Read Replies (1) of 267

Anyone here speak TA-ese? QPRC has been printing a beautiful chart with many bullish signals from the very start of 2001 when, on January 3rd, it broke upwards out of a 9-month Falling Wedge formation (April-December). The usual MINIMUM target after breakout from a Falling Wedge is a return to the high at the start of the formation, which in this case is about 0.25, Reaching 0.25 would be a 363% move from the Close of 0.054 on the day of the breakout and a 117% move from today's Close of 0.115. Just short of a month after the January 3rd breakout, the chart confirmed a Head & Shoulders Bottom when the neckline was broken on January 30th. This H&S Bottom had a price objective of 0.094, which was easily attained nine bars later on February 12th. On that day, the chart was well into a second Ascending Scallop formation, a bullish formation which often occurs in sequential groups, one leading into the next. Just to make sure we interpret the chart bullishly, February 12th also confirmed a bullish Cup & Handle formation with a price target of 0.1425. Today's High of 0.135 is almost there. Oh, we have also closed significantly above the 200 MA for two days now, a bullish criterion not seen since last August.

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