Fair point. It's also significant to the daily but just on a longer time frame / different base. 50% retracement is still a significant support point either way and it does look to be forming support but 61.8% is a possibility based on the start of the bull run from 5th October to the peak.
In 2020, the bull run started 20th March and retraced from the peak to 61.8% support and then continued lower a couple of weeks later. You can see improved support at 50% retracement level in 2022 vs 2020 and it looks like the price is getting close to forming a base. Will be watching closely to see if $1.33 holds, if not then i reckon $1.13 will be close to the bottom but think this is dependent on the performance of the NASDAQ. Don't think it will drop under 61.8% this time around due to improved fundamentals.
- Forums
- Charts
- Chart
Fair point. It's also significant to the daily but just on a...
-
- There are more pages in this discussion • 4,326 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRN (ASX) to my watchlist
|
|||||
Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $366.5M |
Open | High | Low | Value | Volume |
19.5¢ | 20.0¢ | 19.5¢ | $140.2K | 714.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
84 | 1839245 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 648665 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
84 | 1839245 | 0.195 |
62 | 1667098 | 0.190 |
31 | 1767636 | 0.185 |
51 | 1549834 | 0.180 |
19 | 618862 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 648665 | 24 |
0.205 | 1012585 | 21 |
0.210 | 1438483 | 26 |
0.215 | 501851 | 22 |
0.220 | 678461 | 24 |
Last trade - 10.50am 16/07/2024 (20 minute delay) ? |
Featured News
BRN (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online