I see price action a little differently than you ATM. BRN certainly has been in a down trend for some time. I mentioned 5 weeks ago that the weekly chart formed a bullish set up. Not necessarily a buy but a bullish set up never the less.
Since then we have seen a weekly bullish divergence on the Chaiken Oscillator - Weekly indicating we have been seeing some sneaky accumulation/buying pressure of BRN.
Also last week finished with another bullish set up week as it closed above the high of the week before. The week before also saw a lower low.
Again its not necessarily a buy signal but an alert that something is going on in the market as the bulls are stirring and gaining some traction.
Its called getting in early. Leveraging a lower SP against your expectations of news etc hoping to magnify gains.
People should rely on their own signals for entry or exit.
Also there is a fairly pronounced bullish divergence on the MACD indicator since the March'23 lows indicating the possibility of a rally.
Anyway just my simple observations.
DYOR
Chart, page-19951
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Last
17.8¢ |
Change
0.008(4.41%) |
Mkt cap ! $347.7M |
Open | High | Low | Value | Volume |
17.5¢ | 18.0¢ | 17.0¢ | $422.4K | 2.400M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
30 | 1048227 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 1984948 | 54 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 1053001 | 0.175 |
33 | 1911991 | 0.170 |
63 | 1770227 | 0.165 |
70 | 1565179 | 0.160 |
26 | 1127731 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 1986431 | 54 |
0.185 | 1139288 | 28 |
0.190 | 1776209 | 29 |
0.195 | 910971 | 14 |
0.200 | 1058417 | 38 |
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