Chart, page-18195

Some interesting things happening with BRN on a technical level,

The RSI is hovering around the 30 area, as you can see on the chart below the last 4 times price got down to this oversold level there was a decent bounce soon after.

Dec 2020 RSI hovered close to 30 BRN moved from a low of 30.5c to a high of 68c over 19 trading days

March 2021 RSI  touched 30, BRN moved from a low of 41c to a high of 77c this time it took only 12 trading days

July 2021 the RSI hovered around 30 BRN moved from a low of 43.5 to a high of 55c over 11 trading days

October 2021 RSI actually broke below 30, BRN moved from a low of 36.5 to a high of 52c over 16 trading days

So whenever the SP gets so oversold BRN has a history of rallying once the RSI gets near to 30, BRN rallied 25%, 40%, 90% to 125%

Currently the RSI is also near the 30 level so odds favour a decent bounce based on BRN's history, the daily macd is also about to cross and even after such a large sell off BRN is still above its 200 day MA

DYOR