QMN 0.00% 16.8¢ queensland mining corporation limited

chart looks like its setting up for whats called "small cap...

  1. 1,913 Posts.
    chart looks like its setting up for whats called "small cap effect"
    It can happen in waves to the same stock
    many times over. For instance a stock will usually
    rally on the back of an upbeat announcement ? such
    as a resource discovery.
    Next the share price may fall back as the initial
    excitement wanes. But because the discovery has
    taken the stock to a new level, it?s not often the
    stock price will fall all the way back.
    From this point the stock can tread water as
    investors wait for the next exciting news. This
    period can last days, weeks, months or even years.
    But once the next news breaks, the stock can take
    off again? and quick.
    For the most part you want to get in early, before
    the real price movement occurs.
    Asci
 
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Currently unlisted public company.

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