Perhaps a slight bit of (potential light) at the end of the tunnel. Fast approaching the 200 week SMA. Currently at 48. See if this acts a support resistance. That’s the good news.
The bad news, has broken the longer term support resistance. At present below the longer term 78% fib at 54, although an incomplete week. Additionally is currently showing number 11 on the most shorted stocks list on shortman, at 6.69%, definitely not a plus. I suspect a significant source of the SP woes. Will be interesting to see if there is an increase in shorts in four days time? I am assuming the answer will be yes.
Whilst I believe in BRN I no longer hold, looking to buy back, hence my interest. I just got tired of the relentless shorting. Although not a phenomena restricted to this stock alone. LI stocks coping it big time.
One day the sun will shine but I think gonna be a long, slow, hard climb back up.
Just my observations, not advice.
GLTAH
Charlie
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Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $461.1M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.5¢ | 23.0¢ | $1.912M | 8.083M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 620903 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 966723 | 20 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| BRN (ASX) Chart |