Chart, page-18819

Hi Folk

It has been a will since I posted a BRN chart. There has been allot of positive news around BRN and the charts reflect this over the last 6 trading days moving from a low of 0.80 to a close today of 1.20. That's is a very big move.

I see BRN as a disruptor stock.

My first chart is a daily BRN chart. Please notice that we have set up a upwards daily gap of 1.015- 1.045. As a chartist they always send to me a signal to watch. Not all gaps are filled but a majority are. My son went to work with MSFT in 2011 (SP $US25). I always have been watching its charts since then. MSFT with the cloud tech and Azure has been a disruptor stock rising with so so many unfilled gaps to a peak of $US349 and then falling back to currently $US262.

I currently hold several stocks that will not fill their gaps because they are also disruptors in there field. I hold a LTH PLS stock that set an up daily gap 10 Mar 2020 of 0.30 - to 0.32 that will never be filled current price 2.56. Same with some graphite stock I go into early.

But with recent action I always pay attention to the gaps. So am watching the BRN 1.015 - 1.045 gap. There is a chance that that gap might be filled in the coming days depending on what the NDX does. I would welcome it in the short term as we moved up so quickly. Lets see

On the daily chart I can see a potential small cup and handle formation forming. Left lip at 1.35 and potential right lip in the 1.33 - 1.37 range. Then to continue upwards move we need a handle for profit takers and weak holders to sell into, to dry up some shares for the next rise. This may indeed fall low enough to fill the gap.

We shall see

This is just the way Ideal with the markets so that I am not surprised by what plays out. As always DYOR.

I am a long term holder with my first couple of buys in the single digits (sold some at 1.65 so i free carry the rest of my holdings) , I am not personally prepared to trade through these twists and turns.

good luck folks

cheers Lies