Really hard to read - an accumulator slowly picking-up shares?, or LDA off-loading which would push the price down?
However, they can possibly mitigate that by pumping it up a bit in between buys.
The low volumes make it read like:
- there are very few real players in the room (maybe even just one).
- and they are happy to stretch (whatever they are doing) over an extended period.
Leading-up to the release of the 4C (likely Friday 26 April based on history, but must be before Tuesday 30 April being the last day of the month) I would be guessing 90% of people would be waiting to see if there has been an uptick in reported revenue.
I have said before, my guess is this is unlikely given all of the public data online suggests potential license customers (that we know of) are still busy with R&D. But, BRN is playing its cards close to the chest.
In summary, I haven't got a clue but the Bolli Bands are tightening which (my Tarot Card reading friends tell me) indicates a possible break-out. They didn't say UP or DOWN.
And I think that all depends on the 4C or an announcement out of the blue.
Remember, this is a short term prognosis - IMHO the longer term has some encouraging signs.
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $361.9M |
Open | High | Low | Value | Volume |
20.0¢ | 20.5¢ | 19.5¢ | $878.2K | 4.371M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
64 | 1444914 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 388739 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
62 | 1344164 | 0.195 |
62 | 1739410 | 0.190 |
33 | 1759832 | 0.185 |
50 | 1530443 | 0.180 |
16 | 598862 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 337097 | 7 |
0.205 | 914687 | 15 |
0.210 | 1398298 | 25 |
0.215 | 506951 | 23 |
0.220 | 758461 | 24 |
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