I'm sorry but the way this game works is if the S&P crashes like it currently is the big boys will sell off their holdings.
It's a domino effect and the last ones holding who take the full brunt of the pending onslaught are the retail fundamentalists.
I really like BRN but it's like sailing a boat in a storm.. the storm if strong enough will sink the boat.
By the way the weekly chart is screaming sell on the S&P500 and it's broken support which the last time this occurred was at the beginning of the pandemic.
I believe the crash that's coming is going to be massive.
Check out my weekly chart below, the price has broken a major support level and I'm expecting a potential recovery bounce around 3400.
If you have a lot of money in stocks you need to be afraid.... VERY VERY AFRAID.
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Last
15.8¢ |
Change
-0.003(1.56%) |
Mkt cap ! $318.9M |
Open | High | Low | Value | Volume |
16.0¢ | 16.5¢ | 15.5¢ | $699.0K | 4.379M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
70 | 2004560 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 707955 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
70 | 2004560 | 0.155 |
136 | 4369881 | 0.150 |
40 | 964518 | 0.145 |
38 | 1075758 | 0.140 |
7 | 236468 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 701705 | 20 |
0.165 | 812338 | 21 |
0.170 | 1053755 | 21 |
0.175 | 986112 | 17 |
0.180 | 1385875 | 20 |
Last trade - 14.35pm 05/09/2024 (20 minute delay) ? |
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BRN (ASX) Chart |