Hello everyone,
I have just purchased a decent sized bag of BRN at a price below 50¢, which was my intention after selling at the peak.
https://hotcopper.com.au/threads/why-ive-sold-all-my-brn-and-all-my-other-stocks.6545992/
I have been patiently waiting for an opportunity or a reason to buy in at these low levels, and upon analyzing the weekly chart, I noticed a favourable pattern called a falling wedge - breakout. Since reaching the top, BRN has been forming a significant falling wedge pattern, and this week we witnessed a confirmed breakout.
The price broke out and then retraced to validate the previous resistance as a new support level (refer to area A on my chart). This is extremely bullish.
I strongly believe that BRN has reached its lowest point and is poised to move upwards. With AI playing a major role in the market currently, I believe there couldn't be a better time to invest in BRN.
I am now a long-term holder, and this stock has securely found a place in my top drawer.
Wishing everyone the best of luck and good health for the future.
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Why I Believe We have bottomed and just bought in!
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $451.3M |
Open | High | Low | Value | Volume |
23.0¢ | 24.0¢ | 21.5¢ | $2.863M | 12.69M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 136498 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 444756 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 86498 | 0.230 |
3 | 155000 | 0.225 |
16 | 439886 | 0.220 |
14 | 751341 | 0.215 |
35 | 871743 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 360988 | 11 |
0.240 | 791244 | 17 |
0.245 | 612347 | 15 |
0.250 | 151787 | 5 |
0.255 | 132485 | 7 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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