"BRN is way oversold" = you are wrong and misguiding people.
Where were you when it went from 95c to 234 in few days? That was overbought on no official news just fluffy air. It was going up including when they said in one of their announcement there is nothing Material to announce, check out the ASX announcement on January 11th.
We are at the extremely risky place below 9 EMA.
It tried to go above 9 EMA last 5 days, and rejected every single day, means there are sellers there and hence simply it is super bearish.
On the positive note, we did not get sold off today - so BRN is being respectful to holders and giving time to get out, but time is near for the dump to 104c then most likely 95c.
Lucky charts do not lie but uprampers do for own their mind their own benefit. But they do not know stock does not move just because they upramp here.
Chart, page-17795
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $380.4M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 21.0¢ | 18.5¢ | $2.897M | 14.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 397036 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 512236 | 8 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |