Chart, page-1644

Hi Folks

I love BRN's tech, Planted seed money only and it has grown very fast in the four months. So interesting because it can become involved in so many industry applications. This is not a one trick pony

I am posting from a charting view.

I use weekly charts. Especially focusing the 10WMA and the 40WMA , in addition the RSI=5 , MACD and Stoch's. See the chart below.

I become interested in companies that first trade on weekly hi-lo candles entire above the 10WMA. I consider this to be a bullish sign to be watched.

This happened to BRN on the week 26 April 2020 closing at 0.051c. I ignore the periods when the the weekly hi-lo candles cross the 10WMA and will only turn bearish when the weekly hi-lo candle is entirely below the10WMA.

In other stocks I have seen this bullish pattern go on for years before turning bearish.

So back to BRN since the week 26/04 there have been 18 weeks of trading way above the 10WMA. by the 7th of June the 10WMA crossed above the 40WMA a very very bullish sign. The SP close at the end of that week was 0.088c.

As you all of you now know since we have powered ahead. It's beginning to look like a spike .which from experience sends out warning signals.

The range from 0.03c ( 15 March 2020) to a high today of 0.78c (9th Aug 2020) is a huge spike. But spikes can run so lets us look at some analysis.

I use FIB to analyse the markets so I am not surprised by what happens. I don't swear by them totally , but have found then very very useful when dealing with the markets.

So firstly lets look at the initial run from 0.03c low that occurred on the 15 March to the 25 Aug high of 0.365c, What a great run. What to expect next?

There was a 23% retracement to 0.28c which is bullish. With such a small retracement a good upswing was predictable..

The ext using 0.03 to 0.365 were ext 23.8% = 0.44, ext 38.2% = 0.49 , ext 50% =0.53 , ext 61.8% = 0.57.

All of these were completely blown out of the water. Something is happening to this stock as the current share price is 0.73c

Second case

So next lets look at the initial run from 0.03c low that occurred on the 15 March to the 3rd Sep high of 0.595c , Retracement to 0.435 was roughly a 28% was still bullish for the next upswing

So here are the current extensions . Ext 23.8 = 0.72 (already achieved) Ext 38.2% = 0.81 , ext 50% = 0.87 and finally ext 61.8% = 0.94.

With a such weak retracement on 28% then a SP of 0.81 to 0.87 is on the cards.

If as in the first case we blow right through 0.94 then there is a case for the third case.

I have seen various bad spikes in low cap stocks, Check out OCC july 2015 and LBT May 2019 and others.

But these were one trick ponies.

However this BRN although it has multiple avenues this spike cannot go on forever. How strong is this spike?

Who knows

All of this is just my opinion. DYOR

But for me this is an amazing pure Aussie AI stock and maybe one of the leaders in the world in this form.

From seed capital a substantial young sapling has grown so fast. Holding.

Watching the next set of Fib's to occur and we can blow them out of the water as well.

Just the way I view the markets. DYOR

but such fun times ahead , I think.

cheers Lies







https://finance.yahoo.com/chart/BRN.AX#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--