200ema sits at 47,5 cents and there are currently 2M shares...

200ema sits at 47,5 cents and there are currently 2M shares above this level with 6m shares tightly below it.
. 50ema has been a recistance for BRN in recent months but as you can tell we have now managed to cross over and find ourself above both 50 and 200 ema. There has also been a solid defined downtrend line forming as I have pointed out witch we have also recently managed to cross over. This all signalise to me that a bottom has been established and a reversal is taking place. MY interpretation is that 46c is our new bottom and are now on the move back towards 50c. We have to clear 50cents and hold above this level for it to be a confirmed breakout in my opinion. To add to that, the doubble bottom at 46 has created a solid w pattern and RSI is flirting with 50 level. This is only my interpretation of our current share price and not financial advice.