Overall maybe, but every share bought today was in its own right now at a loss. And if people did buy as an average in today, their average is now much higher.
In the 20 cent range, it was well pumped and drawn down to soak up traders and then bought up again to get it to 31. So those who bought in to the run up to 31 yesterday probably took profits as part of the 20 million traded today as the sellers.
Because it's now closed at 31, there won't be a lot of people willing to unload to 25 or whatever IMO. I think it will trade in the low 30s tomorrow pending news or the next rally. Any drop back will ensure those who bought today will buy tomorrow to average down, thus strong downward support.
BRN, page-599
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Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $361.9M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $661.1K | 3.388M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 516291 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 1158060 | 31 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |