Chart, page-2249

Don't sweat folks this is all normal.

Appears there were a lot of gamblers loading up the past week or so in anticipation of the validation announcement & quick doubling & tripling of their money. Well that didn't happen & they bailed just as quick as they arrived pushing down the SP over a couple of days. It was heavily overbought prior to the announcement.

49.5c is about 65% of 75.5c peak so I believe it is at or very near the bottom. I would say 75.5c x 60% = 45.5c absolute bottom.

This is very typical of a share experiencing a rapid rise. Take a look at ZNO as an example.

ZNO went from about 7-8c to 76.5c within 3 months then dropped 17.65% in a day & continued to drop for a further 3 weeks to about 60% of 76.5c peak.

It then went on to gain 400% the next 2 months & dropped again to 70% of prior peak during covid. It recovered swiftly within a week to be 18% higher than previous peak before collapsing again to about 55% of prior peak.

After 12 months of volatile ups & downs it finished about 7-8c x 26. BRN should perform similarly & I expect a big bounce after it bottoms this week.