As suspected, looks like the sp will retest 41c zone. I posted yesterday ref retest of this support zone.
I'm still scratching my head what has caused such an avalanche of selling, have I missed anything in BRN?
At this stage, I'm watching from the sideline. Done my trade yesterday and now a waiting game to see how far this can drop. Still hesitant to get in until I can see better picture. Really want this stock to stabilise and consolidate within a close range.
Sometimes when you think the worst is still to come or expecting lower price, it is also when it's the greatest buying opportunity presenting, depends on whether you have the gut to buy up big.
Those who bought low yesterday would now be thinking twice, hence it would only take a handful of whales to dump and cause an avalanche effect. Quite a few line dump over 300k shares happening now as we speak.
Chart, page-2601
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 (20min delay)
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Last
26.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $491.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8305 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 4066 | 2 |
View Market Depth
| Last trade - 09.36am 16/05/2024 (20 minute delay) ? |
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Last
27.0¢ |
Change
0.000 ( 1.89 %) |
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| Open | High | Low | Volume | ||
| 27.5¢ | 27.5¢ | 27.0¢ | 809497 | ||
| Last updated 10.02am 16/05/2024 ? | |||||
| BRN (ASX) Chart |
Day chart unavailable