For the chartists out there.... BRB is looking very promising....

For the chartists out there.... BRB is looking very promising. My key take-outs from the chart below:

1. The initial June to November run up from $0.15 to $0.44 was a total movement of $0.29;
2. We then had a pullback to a low of $0.215 or a total downwards movement of $0.225 - this was a 78% Fibonacci retracement of the June to November move;
3. We now have see a clear breakout of the downtrend which has been confirmed by the strong upward move on volume today.

The overall chart set-up from the original move up from the March 2020 low of $0.092 shows higher highs and higher lows - all very classic chart elements in an uptrend.

Also, for those who use Elliott Wave Theory in their technical analysis, we could be about to enter a Wave (iii) of (3) of 3 with my count being a Wave 1 which concluded in mid-2017, a Wave 2 that concluded at the March 2020 low, then a Wave (1) in July 2020, Wave 2 concluded in June 2021 and we have just see Wave (i) taking us to the $0.44 high and Wave (ii) that concluded with the recent $0.215 low. If this count is correct (and this is certainly not technical nor investment advice as I am but am interested novice), it could get very interesting very quickly from here. I suspect we will know what we are dealing with from a charting perspective within the next few weeks / next month or so.

GLTA & DYOR