BCN 4.55% 2.3¢ beacon minerals limited

Ann: Suspension from Quotation, page-44

  1. 6,185 Posts.
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    i was just looking at the volume on it
    to me it looks like a series of pump and dumps, note the ammount of volume spikes that happen at peaks in price (monthly candle sticks)
    unless there is a clear path to suddenly becoming a profitable money printer (which is possible.. i havent looked at fundamentals) you would have to expect the latest volume and price spike is another pump and dump.
    even the 2020 volume spike pump has massive upper wicks .. so to me thats botha pump and dump in those months, followed by the periods marked in red which are completely dumping

    from a learning perspective, im just watching it.. happy to hear others technical interpretation of it
    https://hotcopper.com.au/data/attachments/6368/6368495-51263072e6cb3e45d70de3de94a62b4c.jpg

    Last edited by FishingAndBeer: 08/08/24
 
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