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Is BRN lining up for a decline? Expansion Breakdown shows up after plummeting 6.86%
On Tuesday, July 28th, BRN moved down 6.86% while volume was to 1.2× the usual levels. Multiple bearish signals emerged — Expansion Breakdown, MACD Bearish Signal Line Cross, Directional Movement Crossover Bearish & Expansion Pivot Sell Setup — suggesting potential weakness ahead. Key support levels exist at 0.93, 0.9 & 0.85, with resistance at 1.0, 1.05 & 1.08.
Current SwingTradeBot Technical Rating of BRN: F
This might just be the start. See what else showed up for BRN today.
Read full article here »