Technicals looking good here, may take a position under 2c.
Price action turning positive:
* Holding 200 day sma would suggest begining of new uptrend.
* 50 day sma just crossed 200 day sma, first time since Nov 2020.
* RSI momentum indicator - Moved up to 70% and so far holding 50% on the reaction.
* Breaking and holding above the current downward sloaping channel would be a strong confirmation of the uptrend.
Big risk is a further decline in oil prices back down under $60 usd. If price holds above $70, I think may see NPV of 5c for BRK in next 6 months.
Ann: On-Market Share Buy-Back, page-187
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Last
1.3¢ |
Change
0.002(18.2%) |
Mkt cap ! $61.93M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $277.9K | 23.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1159000 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 26151066 | 18 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| BRK (ASX) Chart |