as you see in my chart BRN is trying to complete the cup and handle pattern. the pattern will complete by testing the nick line at 4.65 and then to reach the target at 8 $ all the other indicators are showing positive signals. what I have written only my personal opinion could be right and could be wrong and I am not advising you to buy or sell.
Barnwell Industries, Inc. (BRN) has an incredible 26.584Mil Market Cap and a PE Ratio (TTM) of only 3.52! BRN Barnwell Industries acquires, develops, produces, and sells oil and natural gas in Canada. I can see an easy $4.2 price target for it.
Barnwell Industries, Inc. acquires, develops, produces, and sells oil and natural gas in Canada. It operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The company acquires and develops crude and natural gas assets in the province of Alberta; and invests in land interests in Hawaii. It also owns and operates five water...
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...
Yesterday's candle closed above the descending trendline and tested the .382 fibonacci level ($3.19). The RSI is still cool and the MACD is curling up. 9ema is crossing the 20ema and $2.85 looks like support. Looking for a strong move over $3.19 to consider a long swing trade. Float is tiny, use caution. Targeting the fib scale: $3.46-$4.63 short term.
Insiders' buy gave signal !!! Shortly will be traded around $5.
Barnwell Industries Reaches Agreement With MRMP Stockholders to End Potential Proxy Contest $BRN is pleased to announce today that it has entered into a cooperation and support agreement with MRMP Stockholders, with respect to the potential proxy contest pertaining to the election of directors to our Board of Directors (the “Board”). the Company will nominate...
Barnwell Industries, Inc. Reports Results for the Second Quarter and Six Months Ended March 31, 2020 ------------------------------------------------------------ The reduction in the loss for the three months ended March 31, 2020 as compared to last year’s loss for the three months ended March 31, 2019 was largely due to a $1,336,000 gain, before taxes, in the...
ALERT; Look for a break above the HAMMERs before entering into a position move to the upside watch for volume, and the tape. GL
Doubl Bottom on the Weekly Chart. Must break trend line (resistance) A to confirm. Goal = 2.08