The only issue as you mentioned in the other post is the macro environment. Both BRN and and NVX run ups happened at the tail end of the bull market and the era of cheap money.
Unlikely we reach same frothy conditions any time soon.
TA wise we are at support, but if we fail to retake 3.50 then head and shoulders on the daily is likely to send us to 2.50 pronto. 2.50 is a strong support on the weekly.
It has been consolidating in a rectangular pattern for a year now. A break out is imminent, but I don't think it would happen before March / April.
March / April would also coincide with the start of the new bull market based on recession forecasts (Jan- Jun). It would also coincide with important breakthroughs and developments in robotics and AI
Charts, page-3408
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Last
$1.87 |
Change
0.050(2.75%) |
Mkt cap ! $353.2M | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.90 | $1.80 | $722.2K | 387.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10985 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 10033 | 3 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| WBT (ASX) Chart |