Company Overview: Brightstar Resources Limited (ASX: BTR) is an Australian exploration company focused on the discovery and development of gold resources. The company holds strategic interests in the Alpha, Beta, and Cork Tree Well (Delta) deposits, all situated in the mineral-rich region of Western Australia. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this stock.

BTR’s Technical Analysis:

On the daily chart, BTR is holding above a falling trendline support zone, signalling a potential shift in momentum. The 14-period Relative Strength Index (RSI) is currently around 47.68, reflecting a neutral-to-bullish stance with signs of growing buying interest. Furthermore, the stock is trading above its 50-period Simple Moving Average (SMA), a crucial trend-following indicator that now serves as dynamic support, reinforcing the prevailing bullish bias. Key levels to monitor include strong support at AUD 0.510 and overhead resistance at AUD 0.640.

Daily Technical Chart – BTR

Considering the stock’s current price levels are trading above the falling trendline support zone, and momentum oscillator analysis, a “Speculative Buy” recommendation is given on the stock. The stock was analysed as per the closing price of AUD 0.575 per share as on 05 June 2025, down by 0.86%. Brightstar Resources Limited (ASX: BTR) was last covered in a report dated ’09 August 2024’.

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 June 05, 2025. 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.