Its looking ok. 9 consecutive 'green bull 'volume bars in a row. Not common for BRN and shows the accumulation from the 19th September which was the start of that run. Serious buying. We did not even see that in the run up to $2.34.
The AD indicator has been above 13 day EMA average which is a good sign.
We are taking part in the Bollinger band squeeze bullish breakout so some lucky and/or smart charting cookie bought in just before the breakout.
Slow stoch 21 and 5 day are coming off higher lows. This is good especially when supported by volume. They are O/bought but the short term trend is up so that is ok?? for now but the primary long term downtrend lurks in the background to keep us wary. Lows do not like to hover over the top bollinger band for to long. Todays bar is hovering above. That will need to sort itself out - an ordinary day tomorrow should not be a problem - just corrective and probably bought if it happens.
Brainchip Chart, page-916
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Last
23.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $461.1M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 22.5¢ | $3.945M | 16.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22222 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 909177 | 10 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| BRN (ASX) Chart |