Are you expecting a break up or down sorry CEO? I'm guessing you are hoping for upwards given your sentiment. I'm not so sure it's going up just yet anyway.
Looks to failed holding 33c, in fact it looks to be failing at 32.5c also.
The volume is falling and the sp is trading on the wrong side of the bolly bands.
MACD is negative.
It was close to becoming a three mountain top pattern but looks like the 3rd mountain has failed.
If it becomes a three river bottom pattern, you'd want to see the previous peak exceeded by a bullish candlestick (engulfing pattern for example) but these candles look indecisive to me.
(Similar to a H&S or Inverted H&S but without the different size peaks)
Support is clearly at 27c being previous support and the current 200 day MA as shown on a daily chart.
30c however is support for the weekly chart.
I'd be watching for volume and a close over 33c.
DYOR.
FWIW, I know nothing of the fundamentals of this company. Basing this on a chart only
![]()
![]()
- Forums
- Charts
- BRU Chart Thread for Yatchy
BRU
buru energy limited
Add to My Watchlist
0.00%
!
1.3¢
Are you expecting a break up or down sorry CEO? I'm guessing you...
-
Top Stories
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.


