Chart, page-12421

I noticed a thread about a "bull-trap"... Although any rise can turn out to be a "bull trap", I see no reason to be in
any way convinced that is the case. The general trend is down by most definitions and flat by others but looks to
slowly be forming a solid base. Caution is required in such situations but they also can provide the best
opportunities.
A pattern is not a pattern until a qualified breakout but one has to see them in potential development if one intends
to capitalize on them with a clear head.
I have my eye on an Inverted H&S that could be forming the right shoulder now... It would need to break 0.52 on
volume for me to consider an entry, though the overall "zone" of resistance there extends to 0.55c and I would need
to see how the breakout was to take place for a decision on when to enter (on the break of the neckline, clearance
of the zone or waiting for a closing price). The pattern would carry a minimum measured target of circa 0.675.
The consolidation just above the channel formed in May is encouraging and I would like to see 48c-44c level held
for a more convincing pattern. 0.55c is the upper side of the resistance level just above the neckline and that level
needs to be watched.
My long-term stop remains below 0.30 though if I was not so adamant to give BRN a long-term chance it would be
higher... I have exercised patience here way beyond that of almost any other of my holdings and am willing to give
them a couple more months to give us something really juicy... Hopefully, it will not be that long...
GLTA