Hello everyone,I have just purchased a decent sized bag of BRN...

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.