Volume auto-correlation statistic is showing anything above 70 cents as dead-weight trading. (Used 3 years of data)
Simplification of my comment is that the risk buying below 70 cents is less impacted by the last month's/quarter's trading.
Should you buy now? I am not providing any advise whatsoever but if you are a punter hoping for glory, you would have waited for this point to jump in.
time for a trade!, page-6
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 (20min delay)
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Last
$2.84 |
Change
0.080(2.90%) |
Mkt cap ! $507.2M | |||
| Open | High | Low | Value | Volume |
| $2.84 | $2.87 | $2.79 | $1.398M | 493.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1093 | $2.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 1500 | 1 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| BMN (ASX) Chart |