LQMT Tech Indicators for 4-16-13

LQMT TECH ANALYSIS - POSSIBLE BULLISH MOVE COMING

LQMT is forming a pennant or "flag" formation. There could be a breakout, but not quite yet to be determined is the direction.

The OBV is still looking like it is being sold, but the insiders are accumulating shares. The company seems to be pumping out news stories, so there could be a buildup.

The MACD is leveling off, getting flat. Once it passes the zero line and accumulation goes positive, I would look for a breakout.

The Stochastic looks like it is still in a decline, but once there is a crossover it could indicate a turnaround.

It might be a month or so. Definitely worth watching as this is an active volatile stock.