It’s highly likely these shorts are associated with inclusion on the ASX200 and some larger sophs and instos who formed the view BRN had not earned its $1.5bn cap.
BRN at close today is currently sitting on its long term trend line from early 2020. If it doesn’t hold then BRN is likely to drop well below the $1bn market cap, potentially as low as the 37 cent range.
Once the bearish momentum builds below 64 cents, it will take significant news flow to break it.
Given BRN has rarely produced much news flow of substance outside of chip production and some patents, it’s easy to see the bearish case.
Speculation on HC about which big brand is working with BRN isn’t going to cut it anymore.
IMO DYOR not advice.
- Forums
- ASX - By Stock
- 2022 BRN Discussion
It’s highly likely these shorts are associated with inclusion on...
-
-
- There are more pages in this discussion • 984 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRN (ASX) to my watchlist
|
|||||
Last
16.8¢ |
Change
-0.003(1.47%) |
Mkt cap ! $333.6M |
Open | High | Low | Value | Volume |
17.0¢ | 17.5¢ | 16.5¢ | $272.3K | 1.604M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
75 | 2554690 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 332445 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
75 | 2554690 | 0.165 |
111 | 2757679 | 0.160 |
39 | 1567939 | 0.155 |
94 | 2439287 | 0.150 |
12 | 411436 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 332811 | 20 |
0.175 | 738424 | 20 |
0.180 | 1906677 | 21 |
0.185 | 929238 | 30 |
0.190 | 1003138 | 17 |
Last trade - 11.11am 02/09/2024 (20 minute delay) ? |
Featured News
BRN (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online