I have seen a reoccurring sequence with BRN trading.
1. when the sell side is loaded up with sellers shorters what ever the price usually drifted down 1 penny a day.
2. When the drop stoped lots of the sells dissapeared and usually almost the next day we would have an announcement.
3. I'm speculating another announcement tommorow am or Wednesday all in my opinion not finanacle advice.
It did surprise my the strenght we had today on the correction from Friday. I would assume that some of that buying volume came from the short covering.
The stock did quite well today compared to the majority of the market I think it could be time for the long awaited re rate or will that happen on earnings next quarter report.
Chart, page-12916
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $342.8M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.0¢ | $737.6K | 4.203M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 69 | 1587304 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 213251 | 4 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |