Fundamental analysis focuses on interpreting a company's financial accounts.
Technical analysis focuses on identifying a company's share price historical, repeating price patterns/trends.
Below is a linear regression chart from the 3.1c low on 19/03/20 to the 97c. high on 03/09/20.......with an identifiable repeating price pattern.
Key HORIZONTAL resistance is @ $1.09c. ....and key TREND line resistance (today) is @ $1.14c. ..........keeping in mind the CLOSING PRICE is the one that matters.
Consistent closing prices above $1.09c. would be an indication to expect further upside........and closing prices above the lower sd trend line would confirm the BRN share price has returned to the primary up trend.
So, at what price to re enter??.........on confirmation of the break or a (probable) retrace.
Cheers.
Chart, page-14388
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Last
17.3¢ |
Change
-0.003(1.43%) |
Mkt cap ! $333.0M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.0¢ | $194.5K | 1.111M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 96 | 2126624 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 479581 | 15 |
View Market Depth
| Last trade - 10.55am 12/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |