Some interesting things happening with BRN on a technical level,
The RSI is hovering around the 30 area, as you can see on the chart below the last 4 times price got down to this oversold level there was a decent bounce soon after.
Dec 2020 RSI hovered close to 30 BRN moved from a low of 30.5c to a high of 68c over 19 trading days
March 2021 RSI touched 30, BRN moved from a low of 41c to a high of 77c this time it took only 12 trading days
July 2021 the RSI hovered around 30 BRN moved from a low of 43.5 to a high of 55c over 11 trading days
October 2021 RSI actually broke below 30, BRN moved from a low of 36.5 to a high of 52c over 16 trading days
So whenever the SP gets so oversold BRN has a history of rallying once the RSI gets near to 30, BRN rallied 25%, 40%, 90% to 125%
Currently the RSI is also near the 30 level so odds favour a decent bounce based on BRN's history, the daily macd is also about to cross and even after such a large sell off BRN is still above its 200 day MA
DYOR
Chart, page-18195
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Last
16.5¢ |
Change
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Mkt cap ! $313.9M |
Open | High | Low | Value | Volume |
16.5¢ | 16.5¢ | 16.0¢ | $365.0K | 2.221M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
74 | 2685743 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 70743 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
78 | 2619925 | 0.160 |
78 | 2653376 | 0.155 |
133 | 3442252 | 0.150 |
34 | 907834 | 0.145 |
37 | 664155 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 597633 | 17 |
0.170 | 854553 | 18 |
0.175 | 1935296 | 30 |
0.180 | 677104 | 20 |
0.185 | 407384 | 14 |
Last trade - 11.57am 18/09/2024 (20 minute delay) ? |
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