Day traders' after-market lounge July 18, page-13

  1. 14,021 Posts.
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    BRN popped because of a trendline break. Line goes back to Jan 22, making it significant.

    Trendlines are supposed to be drawn from the exact highs and lows. Close enough doesn't work, especially for long lines. They will be wildly inaccurate by the time they breakout.

    Due to its orientation, the trendline target was met today, on the same day as the breakout. Rare, and not usually bullish. If it goes up, the first res is at 37, then 53.5 then 63.

    https://hotcopper.com.au/data/attachments/6321/6321539-1b12e289b3f5d5991907b0246e25a4de.jpg


 
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