Where to from here?, page-884

@dolci

I am an amateur chartist. Happy to share images for discussion.

I think you could draw resistance lines in so many places on this chart, but for me resistance is not a straight line - rather an upper and lower limit within a channel of the trend.





We both see short term resistance around 6.5c. We have both obviously thrown our hard earned into BRN recently (you should try and remove the buy and sell marker from your charts).

Once the price closes above the solid red line (uptrend resistance) and the 200 day SMA (dotted blue line) - that signals a potentially significant breakout. I find Fibonacci less helpful in this timescale, but it is interesting how often the turning points are respected. Note that the 'gap' at 5c from May has been filled. Happy to accumulate 5 - 5.5c awaiting the breakout. Stop loss at 4.9c