Another point to make. The new CEO will also be sending a message loud and clear to potential clients and his mates at Silicon Valley!
I have in the past proclaimed not to be a charting expert. However, it is not difficult to read the current BRN chart to see the RSI being heavy in the oversold territory. Also simple to see first level of resistance around $1.70. If we break through $1.50 this morning, say hello to $1.70 fairly quickly. The traders will be again all over this and some profits will again be taken. Expect a drop back over the traders lunch and the fun to begin around 3.30pm when they return to close. I am hoping for a $1.65 close.
If the 4c comes out early today, all bets are off. Shorts will be burned. Take your positions !
My opinion of course.
Chart, page-15270
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Last
21.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $399.0M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.0¢ | $731.6K | 3.408M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 664878 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 271540 | 9 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |