I see price action a little differently than you ATM. BRN certainly has been in a down trend for some time. I mentioned 5 weeks ago that the weekly chart formed a bullish set up. Not necessarily a buy but a bullish set up never the less.
Since then we have seen a weekly bullish divergence on the Chaiken Oscillator - Weekly indicating we have been seeing some sneaky accumulation/buying pressure of BRN.
Also last week finished with another bullish set up week as it closed above the high of the week before. The week before also saw a lower low.
Again its not necessarily a buy signal but an alert that something is going on in the market as the bulls are stirring and gaining some traction.
Its called getting in early. Leveraging a lower SP against your expectations of news etc hoping to magnify gains.
People should rely on their own signals for entry or exit.
Also there is a fairly pronounced bullish divergence on the MACD indicator since the March'23 lows indicating the possibility of a rally.
Anyway just my simple observations.
DYOR
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $342.8M |
Open | High | Low | Value | Volume |
17.5¢ | 18.0¢ | 17.0¢ | $1.233M | 7.023M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 1279811 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 1408579 | 46 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 1279811 | 0.170 |
57 | 1293813 | 0.165 |
69 | 1523221 | 0.160 |
22 | 1077881 | 0.155 |
76 | 2036950 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 1408579 | 46 |
0.185 | 775953 | 19 |
0.190 | 1266529 | 24 |
0.195 | 873211 | 13 |
0.200 | 1058417 | 38 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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