BAT 5.56% 1.9¢ battery minerals limited

New to these BAT threads and randomly picked this stock to do...

  1. 104 Posts.
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    New to these BAT threads and randomly picked this stock to do some data analysis on.
    I've got basically no experience in TA but I am promising to teach myself a thing or two.
    I came across this so if anyone has any feedback I'd be keen to hear it.

    This year there's been 2 major spikes in volume - in Jan and June.
    1. From 15/1/18 to 31/1/18: around 330mil traded, price went from $0.065 to $0.11, an increase of around 70%.
    2. I randomly checked when it was that the same volume was traded since that period. From 1/2/18 to 13/6/18: around 330mil traded, price went from $0.11 to $0.032, a decrease of around 70%. The 13/6/18 was the next major volume spike day since January.

    Both periods traded around 330mil and amazingly went 70% up then 70% down. Is there any significance in this or is it simply a coincidence?

    Since 13/6/18 there's been I think around 220mil traded with no major volume spike day or change in SP. If the above scenario is to repeat we would need to wait for around another 110mil shares to trade... will be interesting to see if there's a 70% change up/down from $0.032...

    Again I'm not at all experienced with TA and analysing charts. Just a bloke wanting to learn so all the above is IMO only.
 
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