Guys Hugeeeeee update!!!
The price has formed a perfect bear flag on the day chart and perfectly ties in with the long-term resistance.
Let me explain....
Looking at my chart below...
Zone (1) is the 'pole' / Downtrend
Zone (2) is the 'flag' / Price consolidation
Zone (3) is the continuation in Downtrend.
You measure Zone 1 and position to the breakdown of the flag and this measures the continuation in Downtrend which gives a pretty accurate price forecast.
I have used this formation many times and is 90% successful.
BUT what makes this even more interesting is the bear flag continuation in Downtrend ties in perfectly with my long-term support line which adds to the possibility that THIS COULD BE THE BOTTOM...
I believe the bottom is around 54¢ in around 9 days, now I have this information.
Why I've sold all my BRN... and all my other Stocks, page-892
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Last
19.5¢ |
Change
-0.010(4.88%) |
Mkt cap ! $366.5M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 19.5¢ | $708.6K | 3.510M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 1437016 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 163658 | 20 |
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| Last trade - 15.58pm 22/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |