Technical Analysis

[old punter]

"Todays the day imo we could start saying hello to 0.35+ https://hotcrapper.com.au/styles/default/xenforo/clear.png today the shorts will be fried imo.

Last edited by Ari" How the stuff these blatant ramps are not deemed illegal I have no idea . Dozens of similar posts on multiple threads and dozens of failures . My call is for the low to occur on 28 th of Feb into the first trade day of March which has remained constant from before I drew up the above charts . Give or take . As traders we need to go with the flow and with a monthly red month same for the indices the above up UP bottom picking trade may still fail . The bottom price may align with the 3/2 low or even somewhere inside that bar which was 32 -28.5 but but but . cheers

 

[old punter]

THE BELOW IS the covid mirror pattern on xjo , monthly charts , and we are now at no 8 implying next month is a flash crash . Personally I can't see it happening but a mirror is a mirror until it fails . Which means if it fails it could be a breakout upwards forcing all the mirror pattern traders to reverse their posi and go long ? Akka the great sp500 mirror crash of 1987 . But with a twist !

 

[old punter]

Support on a Friday but one week early ? but is it a con with price still sideways and a red month ? I am not a good reader of the depth as it is often opposite to reality and a strike near the big numbers in this case buyers may see them all dissapear but but but . Isn't it called spooning ? and illegal ? but only if they are fake ?

 

[old punter]

If my chart is correct we are now looking at the final week of this consolidation . Lets see if price mirrors the A or where we end up as it doesn't have to double or tripple bottom but but but View attachment 77916

 

[old punter]

Using the day count of the last range down into the low we are now within one or 2 days of the reversal upwards [ IF IT IS TO HAPPEN ] current low today is 0.285 only one cent off the last major low [ THIS MUST HOLD for it to reverse up or the pattern is dead ]

 

[old punter]

looks like i am wrong as the mirror is broken and just traded at 0.27 .grrrrrrrrrrrrrrrrrrrrrrrrr minus 12 % for the day .

 

[old punter]

Lets see if 3 = ranges bring in a low of 18.5 which may make for a big intraday rally should it gap down into it on Monday and or a multiple day rally but buyer beware as this is one slippery sucker . Current low today was 0.195 and now has 3.3 mill on the bid at 0.20 .

 

[Labsy]

Bottomed out guys? What do you think good time to buy up? Or more slide into teens.?

 

[old punter]

THE BELOW IS the covid mirror pattern on xjo , monthly charts , and we are now at no 8 implying next month is a flash crash . Personally I can't see it happening but a mirror is a mirror until it fails . Which means if it fails it could be a breakout upwards forcing all the mirror pattern traders to reverse their posi and go long ? Akka the great sp500 mirror crash of 1987 . But with a twist ! View attachment 77845

XJO MIRROR CONTINUES ,point being is to be aware of the greater trend which is currently down but no9 monthly is only small in comparison to the covid crash and also view the weekly as the 3rd and 4th week were crash weeks .

 

[old punter]

XJO MIRROR CONTINUES ,point being is to be aware of the greater trend which is currently down but no9 monthly is only small in comparison to the covid crash and also view the weekly as the 3rd and 4th week were crash weeks . View attachment 79144

and the weekly

 

[old punter]

Bottomed out guys? What do you think good time to buy up? Or more slide into teens.?

Not real sure yet .Didn't get to my 18.5 , only made 19.5 ish . The 10th of the month saw lots of buying until the sellers showed up and smashed it down again . Lots of dribble posted over the road about shorts being called in when they list in the States but lots of sellers appear off screen on any strength which is LDA ? the knobs appointed to keep BRN in cash at the sacrifice of more shares on the register .

 

[old punter]

Bit suspect on this one but today is 24/3 so 2 months from the 2nd high , u can see above and this chart below the significance of the 24th dates , if the 24 th was a non trade day then pick the day before or after like one marked . COULD BE A REASONABLE BOUNCE TOMORROW but I am not calling it a major low , just yet .lol but if the world does not fall apart tonight i may be long lonnnnnnnggggg tomorrow .lol

 

[old punter]

Another fizzzzzz by me , stinken thing went half a cent higher and back to 0 for the day .

 

[old punter]

I am beginning to hate mirrors so another 2 for your view , BRN weekly mirror of last break up and FREAKIN TRUMPS CRAP tarrifs giving us a covid 3 red monthly bars on xjo

 

[manny100]

Chart shows a triangle with a lower highs trend line with 3 touches and an upsloping low trend line with multiple touches. A break on volume will signal a nice break.
Not shown on this chart is a Bollinger band squeeze breakout of a few days volume uptick. This will appear on retailers week end scans and there is fair chance we will see more buying tomorrow.