Company Overview: Bigtincan Holdings Limited (ASX: BTH) engages in providing an artificial intelligence (AI)-powered sales enablement automation platform, which focus on the provision of an integrated, online platform across any device and any network. Haranga Resources Limited (ASX: HAR) is an exploration and development company which holds a uranium project in Senegal and interests in a range of gold projects located in Senegal, Cote d’Ivoire, and Burkina Faso, with a total of seven tenements covering an area of 2,702 square kilometers. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on these stocks.

BTH’s Technical Analysis:

While experiencing a downtrend, BTH's stock prices are forming a bottom divergence in relation to the relative strength indicator, anticipating a potential minor rally. Additionally, the RSI (14-period) is rebounding from its oversold region, adding more evidence for the above observation. Prices are trading below the 21-period SMA, which may potentially function as a dynamic resistance level for the stock; in contrast, the stock’s most recent low might act as a support level. Important support for the stock is positioned at AUD 0.145, while critical resistance is placed at AUD 0.188.

Daily Technical Chart – BTH

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest, taking into consideration the risk-reward scenario.

Considering the stock’s current price levels forming a bottom divergence, and momentum oscillator analysis, a “Watch” recommendation is given on the stock. The stock was analysed as per the closing price of AUD 0.170 per share as on 28 November 2023, down by 5.56%. Bigtincan Holdings Limited (ASX: BTH) was last covered in a report dated ’22 May 2023’. 

Recent Updates:

HAR didn’t generate any revenue in H1 FY23 and continued to incur losses. On 14 November 2023, the Company commenced auger drilling program across the Saraya uranium project, which will focus on two of the several defined uranium anomalies. Previously on 27 September 2023, HAR also raised AU$2.86 million through a placement of 26 million Shares at 11 cents per share. CPS Capital Group Pty Ltd (CPS) was lead manager and Broker to the Placement.

HAR’s Technical Analysis:

On the daily chart, HAR's stock prices are forming a symmetrical triangle pattern characterized by lower highs and higher lows, indicating that the sideways period in the stock might remain in place. Additionally, the RSI (14-period) is oscillating between 30 and 70, providing further support for the mentioned recommendation. Prices are fluctuating between its previous peak and trough, which may potentially function as resistance and support levels for the stock, respectively. Significant support for the stock is positioned at AUD 0.170, while key resistance is placed at AUD 0.215.

Daily Technical Chart – HAR

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest, taking into consideration the risk-reward scenario.

Considering the stock’s current price levels forming a symmetrical triangle pattern, and momentum oscillator analysis, a “Watch” recommendation is given on the stock. The stock was analysed as per the closing price of AUD 0.195 per share as on 28 November 2023, down by 4.88%.

Disclosure: Haranga Resources Limited (Company) is a client of Kalkine Media Pty Ltd (Kalkine Media), an affiliate of Kalkine. However, under no circumstances have Kalkine or its related entities been, directly or indirectly influenced in making any related insights concerning Company as contained in this report, and no form of compensation is or will be received by Kalkine, Kalkine Media or Kalkine’s other related entities for the publication of this report.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: Investment decision should be made depending on an individual’s appetite for upside potential, risks, and any previous holdings. This recommendation is purely based on technical analysis, and fundamental analysis has not been considered in this report.

Note 3: Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

The reference date for all price data, currency, technical indicators, support, and resistance levels is November 28, 2023. The reference data in this report has been partly sourced from REFINITIV.

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

The Green colour line reflects the 21-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 21-period, prices are currently in a bullish trend (Vice – Versa).

The Blue colour line reflects the 50-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 50-period, prices are currently in a bullish trend (Vice – Versa).

The Orange/ Yellow colour line represents the Trendline.

The Purple colour line in the chart’s lower segment reflects the Relative Strength Index (14-Period), which indicates price momentum and signals momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.