@baukaw, ditto to that.
ppl been talking about shorters or big insto accumulating - I dont' think it is the case. You can't short this stock with the CFD provider.
BRN is full of day traders, lots of fake buys I have seen to pumping up the sp in the short term.
Some times holders don't see the other side of the coin until it's too late. I have seen this chart on many occasions and have predicted what would happen.
It will be a drawn out downward trend in the short term until the next catalyst - ppl are relying on news to spike sell into the high. Yesterday was a good example and it will be repeated no doubt.
Just as I was typing 55c did not hold. GLTAH.
Chart, page-2171
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Last
19.0¢ |
Change
0.010(5.56%) |
Mkt cap ! $372.2M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.0¢ | $935.0K | 5.019M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 178405 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 562404 | 11 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |