I dont take too much notice of Candlestick patterns in stocks I plan on holding for some time, but with the recent slipping SP I'd poke around some short term charts.
Whilst not exactly a Tri-Star pattern (2nd doji body would be the lowest) it definitely has something to say about short term buying/selling pressure. If this hold very close to the current SP this deifinitely speaks "volumes".
With the RSI dipping into oversold territory and potenetually breaking back out, i could easily see at least a short term reversal.
For myself and others here, it doesnt really matter. Im here long term and as the ANNs and EAP customers start to come, no one will be worried about a few pips at 40c.
I did however, want to share for those who may be scared into believing BRN is in some downwards spiral, based on a very short term down trend and some very vocal downrampers.
If you beleive we are in a downtrend, it may yet continue with the 50/200MA not looking great, but missing the bus here for a few pips may prove to be dangerous.
All the fundemenatls are the still here, and we are moments away from some proper commercialization.
GLTAH, and dyor![]()
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18.0¢ |
Change
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
22 | 1389722 | 17.5¢ |
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Price($) | Vol. | No. |
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18.5¢ | 471848 | 11 |
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22 | 1389722 | 0.175 |
61 | 2472556 | 0.170 |
62 | 1694913 | 0.165 |
71 | 1446721 | 0.160 |
23 | 1043631 | 0.155 |
Price($) | Vol. | No. |
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0.185 | 471848 | 11 |
0.190 | 1808183 | 30 |
0.195 | 771001 | 17 |
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