Guys Hugeeeeee update!!!
The price has formed a perfect bear flag on the day chart and perfectly ties in with the long-term resistance.
Let me explain....
Looking at my chart below...
Zone (1) is the 'pole' / Downtrend
Zone (2) is the 'flag' / Price consolidation
Zone (3) is the continuation in Downtrend.
You measure Zone 1 and position to the breakdown of the flag and this measures the continuation in Downtrend which gives a pretty accurate price forecast.
I have used this formation many times and is 90% successful.
BUT what makes this even more interesting is the bear flag continuation in Downtrend ties in perfectly with my long-term support line which adds to the possibility that THIS COULD BE THE BOTTOM...
I believe the bottom is around 54¢ in around 9 days, now I have this information.
Why I've sold all my BRN... and all my other Stocks, page-892
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Last
19.5¢ |
Change
-0.020(9.30%) |
Mkt cap ! $382.6M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 19.5¢ | $3.501M | 17.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 601346 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 272894 | 3 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |