Something has really caught my eye with BRN and its the weekly chart: last time I was this bullish on BRN was when I jumped on board around 40c last year during the parabolic rise to the high 90's
Weekly macd has crossed which usually leads to a multi week rally. big tick
The bollinger bands are showing the price sitting on the middle band for support and creeping up to the top band, positioned perfectly for a decent move into XMAS imo.... Expect some decent range expansion to follow with a re test of the highs on the cards...
The other important thing to note is that the last two multi week rallies (In Dec 20/Jan 21 and March 21 period had average ranges of 37.5c & 36c low to high) So far we are at 21.5c low to current price (36.5c - 58c)....
DYOR
Chart, page-12607
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $366.5M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.5¢ | $796.0K | 3.949M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 81 | 1486055 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 697191 | 32 |
View Market Depth
| Last trade - 15.58pm 15/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |