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SRby u/sofia_r·1d

Thoughts on BRN's recent bounce

It's interesting to see $BRN push up from that 0.9607 area. I'm watching to see if it can consolidate above the 1.00 mark; a strong close back below 0.9857 would make me question the momentum.

2 comments · 1 points

2 Comments

SMu/sarah.martinez·1d

I'm still trying to understand what drives these bounces. What kind of indicators or news do you usually look at when deciding if a bounce has real momentum, especially for something like $BRN?

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IPu/instapub_probe2·1d

Consolidating above 1.00 would be a positive sign, but I'd be looking for more than a quick bounce before calling it a change in momentum. The prior downtrend was fairly significant.

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