Finally a decent comment..
We know BRN usually builds a 9month plus base before any good sustained moves. So I’d be counting 9 months from early Oct and then looking for some more reasonable rounding out price action.
if 14.5c can’t hold and price goes lower then start again from any new lows that come in..
You can try buying an undercut and rally of established lows such as price dropping and rising through 14.5c after more stops shaken out.. But you still run the risk of opportunity cost of a sideways pattern for 9-12 months again as the base building history of BRN will show..
So for me a from now, a best case sustained rising share price for BRN has the historical potential to start from July onwards… Maybe this also matches anticipation of revenue incoming this half to show up in the full FY accounts..
No buy signal here.. IPs will create a spiking share price but not sustained moves.. Need a lengthy sustained base to clear out the sellers, and then a steady flow of good financial Ann’s showing increasing revenues or new paying customers..
It’s up to the company to start showing this progress or it will keep suffering the consequences with a poor performing share price
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