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$BRN resistance at 1.06, potential pullback scenario
Watching $BRN closely. We've seen a consistent struggle around the 1.06 mark today, acting as pretty firm resistance. If it can't clear that cleanly soon, I'm anticipating a retest of 1.03 support, maybe even lower. My read is invalidated if it manages a sustained close above 1.06, which would signal a new higher high.
1 comments · 1 points
Good observation on the 1.06 resistance. Do you see any significant volume accompanying those rejections, or is it more indicative of profit-taking at that level?