BRN consolidation over?
Quick technical analysis of 
BRN following its rapid rise and subsequent consolidation over the past two months.
In summary:
The above indicate that BRN is in a favourable position for opting in. This would be further strengthened by positive news and / or increase in trading volume.
DYOR.
BRN following its rapid rise and subsequent consolidation over the past two months. In summary:
- Indicators are showing that support has been found at ~$0.31 and the .236 fib retracement level / -0.5 schiff resistance level has been tested.
- As per BBW, volatility is decreasing which indicates that a breakout may be on the horizon. The BBW-squeeze also shows a potential alert for an entry point. This is supported by the Vix which hints that we have moved away from market bottoms.
- Finally, DMI+ remains above ADX and has been toying with the 25 level. Movement above this level would further strengthen technical indicators for BRN.
The above indicate that BRN is in a favourable position for opting in. This would be further strengthened by positive news and / or increase in trading volume.
DYOR.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.