Hi Folks
Thought it was about time for another look at the BRN charts. Not looking great
I have posted a weekly chart. But on the daily charts there is an unfilled up gap on the 24 Dec 2020 of 0.33 - 041. I have been charting for decades and realise that not all daily up gaps get filled. But I have noticed that more are filled than not.
Barring announcements I suspect that this one will be filled.
I put the Fib's on this weekly chart and you can see if the C wave extension down get half way between 23.6% and 38.2% it will be filled.
Also note that the 10WMA is way below the 40WMA, crossing below 7 weeks ago RSI(5) is nudging into the red zone under 20 and the MACD is negative.
On top of all that we still have Oct world markets to contend with especially the Nasdaq (NDX).
I will not be jumping into BRN soon.
Just the way I deal with the markets so that I am not surprised at what plays out. As Always DYOR.
cheers Lies
Chart, page-12151
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $371.1M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.5¢ | $843.2K | 4.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 71948 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 644737 | 16 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |