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It seems that being Friday tomorrow, the Friday jitters/dump has...

  1. 6,879 Posts.
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    It seems that being Friday tomorrow, the Friday jitters/dump has happened today, at least there will be only genuine holers tomorrow not traders that are not concerned IMO. I would say nothing to worry about as the 14c support has been established in the last four days & its trading sideways for the right time to pop through the resistance, the inverted hammer is more concerning if it is on top on an incredible run like BRN as you have seen, as this is trading sideways I would be more optimistic IMO ... nothing goes in straight line up & keeps going like u have seen on BRN, but this is a completely different situation where the17.5c is over-head resistance & a 14c support, BRN was an Eiffle tower situation,
    & the other thing BRN has gone out from it trading channel,....anyway, if you look at two weeks ago there was an inverted hammer there as well.... I hope this puts you at ease...IMO it might break through tomorrow smile.png

    https://hotcopper.com.au/data/attachments/2188/2188296-39ab6118405871a9cb47f89731e6120e.jpg
    https://hotcopper.com.au/data/attachments/2188/2188312-30d5f8455c145a233378f0b65cf67618.jpg


    https://hotcopper.com.au/data/attachments/2188/2188287-be8962b1fccfe47b1d78feddd22084d7.jpg
    https://hotcopper.com.au/data/attachments/2188/2188290-e965c98135bf7a02867f5e0bcbdd4274.jpg

    Last edited by dolci: 28/05/20
 
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