BRN - Technicals and Fundamentals Aligning For a Nice Run

6 июл. 2021 г.

Reasons to be bullish based on technicals as shown on the chart:

• Bounce off of EMA 200 at the end of April
  
• Strong accumulation trend shown on CMF 20
  
• As of July 6, lingering in oversold territory on the RSI histogram
  
• Relative volume on an uptrend
  

Reasons to be bullish based on fundamentals:

• Crude oil’s recent resurgence
  
• Recent insider buying
  
• Low float, with retail investors beginning to buzz the stock