Quite possibly, and it is not uncommon for 2 companies to make very similar chart patterns. Which is why we call them ''patterns'' because they repeat and basically shows human emotions on charts.
Even on BRN's previous charts, similar pattern has been on play, however that turned into sideways movement for a few months before we got those nice green wicks in May/June 2020.
I was just questioning the above comparison where both those companies' charts are in complete different stages, AND the volume profile looks completely different on the days both went up.
BRN had substantial volume increase compared to previous weeks prior to breakout, where as PLS just meandered along.
BRN is in accumulation stage, where as PLS could be either in accumulation or distribution, we would not know until it breaks out / down of that channel.
If you read my above posts I have mentioned that I saw a change of structure in early February for BRN and has changed my views on chart since then.
As to the revenue and hiccups in managing the company, well that leaves a lot to be desired at this stage.
Quite possibly, and it is not uncommon for 2 companies to make...
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Last
27.0¢ |
Change
0.005(1.89%) |
Mkt cap ! $501.1M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 27.0¢ | 26.5¢ | $1.016M | 3.800M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1059388 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 166139 | 3 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
26.8¢ |
Change
0.005 ( 1.21 %) |
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| Open | High | Low | Volume | ||
| 27.0¢ | 27.3¢ | 26.5¢ | 3034679 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| BRN (ASX) Chart |