BRM brockman resources limited

technicals brrrreakout, page-7

  1. 1,201 Posts.
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    technically, from the chart i see that previously the stock was trading between 2.50-2.75 to 4.05 resistence; Now that this resistence is broken, theres UPSIDE of the difference bewtween 4.05 and 2.75 or 2.50, i.e $1.30 to $1.55

    thats what the TECHNICALS suggest, so we're looking at a 5.35 target at least on this next leg up with support firmly at 4.05 give or take

    thats how the technicals would see it if it were a mid-high volume stock, but the rules still apply across the board in terms of technicals unless the volume is extremely low

    over time and with a decent market, thats the next stop as long at 4.05 is support
 
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