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UnknownUnicorn13172879
Sep 16, 2021 12:33 AM

$BRK solved bichiz!! 

BROOKSIDE ENERGY LIMITEDASX

Description

RIghto everyone is talking about it!! or tweeting anyhow because I'm in a computer and cannot talk.

Here is the solution to BRK. You are all very welcome.

Now buy me coffee or beer!

Comments
baggervance
Hi there. Hit load the new bars and todays candle has closed below your trendline there which is in the correct place by the way. The trendline you have there actually extends back to February this year. Then on twitter I see you've loaded a new chart for this stock following the close of trade with a modified trendline running a different angle altogether. That is a total no no in technical analysis. Trendlines are there for a reason which is to show where price action has support or allternatively resistance. By modifying/altering a long term trendline you're not just ignoring price action you're also altering support levels. That 7 month long trendline has been breached with todays candle closing beneath it. Replacing it with an adjusted trendline that's a few weeks old doesn't change that. You need to deal with the trendline you have on this chart being breached and not ignore it and draw up a new trendline as if this one is wrong. It isn't. Today's price action on this stock has breached a 7 month old trendline which is bearish. It doesn't mean the price will plunge or drop further it just means the trendline can no lonegr be relied on for support. Tomorrow the price may close either back on or above the trendline but you cannot modify them especially when they are several months old. Hope this helps. Plenty of good T/A courses out there some on YT are completely free and would be a good place to start. Best of luck to you on your journey.
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