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1.2¢ brookside energy limited

thanks for your chart analysis, much appreciated

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mrmonopoly89

249 Posts.

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13/01/21

00:35

Post #: 50125400
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Originally posted by AdVictoriam: ↑

In terms of TA, 008 - 009 is the most significant level of resistance we are dealing with. Refer back to Oct 2019 - Mar 2020 (ellipse). One instance again in Jun 2020. A lot of holders underwater since these periods. Also significant is the big pump day on 17 Dec, where price closed at 009, not above it.

We have gone a long way in clearing this level in recent days, and today we closed above 009 for the first time since Feb 2020. That's very good, because from here it's looks to be a fairly clear run to .015, with only minor resistance at .015. An announcement now could see a very strong pump; mid 1's easily achievable, high 1's possible. Anything above .015 is new paradigm time; meaning wherever oil or company milestones move price.

I analyse resistance and support in terms of where prior holders would have become trapped, where price was capped by prolonged buying or selling. (flat tops on penny charts). Holders from the circled area and have either sold in capitulation or are holding for breakeven.

Oil futures at 53 tonight, ES fairly flat (oil relatively strong). Nat gas also up. Hopefully another good day tomorrow!

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thanks for your chart analysis, much appreciated

BRK Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $57.27M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.2¢	$9.061K	752.4K

Buyers (Bids)

No.	Vol.	Price($)
9	2605358	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	27608377	35

View Market Depth

No.	Vol.	Price($)
9	2605358	0.012
38	38202199	0.011
14	17682918	0.010
10	5820014	0.009
2	185000	0.008

Price($)	Vol.	No.
0.013	27608377	35
0.014	20994930	15
0.015	4829382	11
0.016	2466438	10
0.017	11626445	8

Last trade - 14.50pm 25/07/2024 (20 minute delay)

BRK (ASX) Chart