Good morning BRN holders
Bought 100k shares @ 68c prior to the Chrissy break, and today sold 1/2 of my holding at $1.60.
Planning to sell into $1.82 when this break that, or $1.50 if the support didn't hold.
Super happy with such a crazy return, close to $100k in the span of two weeks (or over 90% return compare to measly bank deposit of 1% or broader XJO return). I'll be looking for a re-entry at some point. As always, don't be greedy and make sure you lock in some well-earned profit.
I have seen many parabolic spike like the one we see now. See attached chart. I reckon we are very close to buyers exhaustion shortly (either today or Monday). If you look at previous peak this is following very much the same trajectory. Any novice and beginners investor will tell you that this in overbought territory. Market has already priced in quite a few near-term catalysts. Also lots of insto setting up nicely some fake buys (and shorts set up).
All I'm saying is make sure you lock in some profits as the market can turn very quickly. Lots of ppl bought above $1 and when the ship turns (i'm not talking about downtrend but consolidation and profit/loss taking).
I expect a retrace to break today's low and touching around $1.42. This is needed for the next leg up. Who knows, Mr Market always overshoot to the up side and down side by a large margin.
GLTAH.
Chart, page-14702
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $389.7M |
Open | High | Low | Value | Volume |
21.0¢ | 21.5¢ | 20.8¢ | $610.1K | 2.904M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 593140 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 560405 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 593140 | 0.210 |
43 | 1172919 | 0.205 |
77 | 1604209 | 0.200 |
29 | 1274337 | 0.195 |
40 | 1214497 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 560405 | 10 |
0.220 | 1231042 | 25 |
0.225 | 670936 | 16 |
0.230 | 791925 | 21 |
0.235 | 481886 | 17 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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BRN (ASX) Chart |