Quadrise Fuels International shares look positive
18th October 2022 07:22
by Alistair Strang from Trends and Targets
This penny share is worth keeping an eye on, reckons independent analyst Alistair Strang.
Visiting Quadrise Fuels International (LSE:QFI)’s website managed to prove quite informative, going some way to explaining why diesel is so heavily priced in comparison to petrol. Being unaware that diesel production creates heavy residual oils, stuff needing treatment before it can be sold (at a discount) as Heavy Fuel Oil. Oil refineries prefer not to sell anything at a discount.
Quadrise brings a method which changes how Heavy Fuel Oil is produced, allowing the end product to be sold at a premium as it produces substantially lower CO2 emissions. QFI are delighted to explain – at length – what their company is about via their web presence and, to be fair, some of the information is quite fascinating. None of this explains their share price, as it has been pretty foul for quite a few years.
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Currently, it appears QFI enjoys a share price which is attempting to do something positive with itself, breaking through a downtrend which appears to have been influencing the share price since 2015.
Perhaps some hope is possible in the near term, maybe even the longer term. The immediate situation looks to be quite straightforward, movement above 2.35p calculating with the potential of a lift to an initial 2.65p with secondary, if bettered, a more useful 3.6p.
At the 3.6p level, things become a little vague as the share really needs to close above 3.6p to suggest Big Picture influences are coming into play.
Past performance is not a guide to future performance
Currently, the implication of closure above 3.6p allegedly permits the share price to more than double to 7.8p, a game changing price level which visually hints of the presence of a future glass ceiling.
If everything intends to go horribly wrong for QFI, their share price needs to drip below 1.1p as we cannot calculate a bottom. For now, we suspect this shall prove very worthy of keeping an eye on.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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