No one puts any charts for BRB. Understandably as the stock has been in a big downtrend for the past month or two and the short term traders have all excited by now. Anyway I thought I’ll give it a go if no one else is. As you can see I’m not very good at it and it’s a learning in progress for me.
Looks like 23-24c is a good support. Stock touched 24c yesterday and bounced nicely. That’s bullish ( fingers crossed ).
It’s trading in a falling wedge and needs to breakout out of it to be real bullish. 28-29 resistance of the wedge and 32c for the complete breakout. Abit of sideways moment
won’t be that bad at this stage. That could potentially take us to the end of the wedge. RSI is way oversold.
Fundamentally we know how cheap this stock is as discussed by everyone. Market will wake upto itself. Right now it’s patience game.
