TheDrooben
Pretty Pretty Pretty Pretty Good
If the uptrend continues we could be looking at a 50/200sma golden cross in a few weeks..........(blue lines mine). AIMO
Technical Analysis
- Thread starter Vojnovic
- Start date
If the uptrend continues we could be looking at a 50/200sma golden cross in a few weeks..........(blue lines mine). AIMO
Fullmoonfever
Top 20
@Falling Knife @TheDrooben
On ph so no chart image soz.
I'd be watching the possible cup n handle pattern.
It is a little weaker as the right lip is slightly lower than the left lip causing a slightly sloping downwards neckline....line from top of left lip to right.
The handle wouldn't want to get too much lower at this stage and needs a bounce upwards and then a breakout through the neckline to give us a pump.
The vol profile fits too with higher peaks on both the left and right lips and lower vol as the cup formed (SP pulled back) as they accumulated.
Target from memory is the value from the base of the cup straight up to the neckline and whatever that is you add to the neckline break if occurs.
On ph so no chart image soz.
I'd be watching the possible cup n handle pattern.
It is a little weaker as the right lip is slightly lower than the left lip causing a slightly sloping downwards neckline....line from top of left lip to right.
The handle wouldn't want to get too much lower at this stage and needs a bounce upwards and then a breakout through the neckline to give us a pump.
The vol profile fits too with higher peaks on both the left and right lips and lower vol as the cup formed (SP pulled back) as they accumulated.
Target from memory is the value from the base of the cup straight up to the neckline and whatever that is you add to the neckline break if occurs.
Falling Knife
Regular
Yes that confluence is targeted in a few weeks.
Im just spit balling but here is another interesting potential which would obviously require news, and by that I think an ASX announcement with $ attached
Firstly the retrace has proceeded to the next fib:
Which coincides with the PF from Jan 2024 so a little more support for this level is offered.
Now for the potential.
A third and successful attempt at breaking overhead resistance may bring on a repeating range. This range coincidentally returns BRN SP to the median tine of the PF. PF tend to do that, ie have SP return to its median.
I think this is more me being heavily invested and praying this is the outcome.......
The golden cross @TheDrooben highlighted pulls BRN out of the Bear into the Bull phase which adds to the prospect of this dream outcome taking place
ASX announcement we wait
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Falling Knife
Regular
So painful to watch
Now the SP has slipped below the lower tine of the PF it has 3 days to climb back above.
Levels of support from here include;
FIB @23.5
MMA 50 day at 23
last low ie full retrace 21.5
News can not come to soon.
The only positive I see is during this period of falling SP the volume has also been dropping
Now the SP has slipped below the lower tine of the PF it has 3 days to climb back above.
Levels of support from here include;
FIB @23.5
MMA 50 day at 23
last low ie full retrace 21.5
News can not come to soon.
The only positive I see is during this period of falling SP the volume has also been dropping
Ethinvestor
Regular
Triangle.. whichever way brakes .. will likely to continue for a while….
Ethinvestor
Regular
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