"Hoots, charty question for you if you would be so kind.... BRU putting in a couple of Higher Lows since 27c low (31c and 32.5c), but higher high has evaded it so far, in fact nothing but Lower Highs since April spike to 63c.... So we have reached the pointy end of a triangle and it surely must break out strongly one way or the other on news - either to all time lows, or straight back past 63c. Would you say that was fair summary of where we are?"
Hi @CEOChair I will answer you here to keep the F/A guys off my case.
Not putting in higher highs is the problem - its still range trading - a break out the bottom the triangle brings 26c back on the radar more likely to break out the top but I dont think you can start thinking about any higher targets until it can put in a 40c or higher close - then you can start dreaming about 69c again
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BRU - Chart for CEO Chair
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