BRW breakaway resources limited

If you look from a T/A perspective we see that MACD is upward...

  1. 371 Posts.
    If you look from a T/A perspective we see that MACD is upward and diverging, having previously just broken the bears back, the full upward divergence suggests a very bullish market on BRW. Another thing to watch is that the bollingers are separating suggesting hints of volatility but removing the "overbought" from being a factor, my view is that it will have higher rises at a quicker pace due to the more bullish market. With resistance at 92c (previous high). But the more interest this one gets, the greater it will rise and I might upgrade the price target to the $1.20+ range....
    Tenements are promising for this one, fundamentally it is set and very little negative!

    Cheers all!





    These are my views, it is worth having additional confirmation through your own strategy and research.
 
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