Hi Folks
I thought that it was about time to have another look at the BRN weekly chart.
Not much has changed since my last post.
It's difficult to see any good news from the chart.
The 40WMA still heading downwards at a steady pace as is the 10WMA. The weekly hi-lo candles continue to struggle to even cut into the 10WMA.
The Stoch's, MACD and RSI(5) are not showing any signs of life on the upside.
The two FIB's on my chart are suggesting that the latest low of 0.405 will be threatened to set another lower low. The best that could be hope for is a turn at around 0.405 to form a double bottom.
Something quite dramatic is needed in the quarterly reports to turn this around. I won't be jumping in any time soon.
Just the way I deal with the markets so that I am not surprised by what plays out , as always DYOR.
Cheers Lies
Chart, page-19811
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $342.8M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.0¢ | $1.233M | 7.023M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 1279811 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 1408579 | 46 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |