BRNX debt elimination via EIB settlement is positive but slow to impact balance sheet; AI/data center theme offers potential upside if AI trade resurges.

It looks like maybe Bren X BRNX. This is going now. Looks like Gary's on this one. Uh this is an Israeli company. Let's see what is this doing here. All right. Bren X uh signs a strategic settlement with European Investment Bank EIB to eliminate approximately 4.8 million of debt and strengthen its balance sheet.

That's good news, but balance sheets turnaround takes some time. Bren X reing liabilities by 54% and 77% increase in shareholders equity. I'll tell you what, this reads great 13 off the surface.

Stocks up 14% on the back of this news. Short interest on this name 11.85%. That's with one day to cover. That's actually come down significantly. I wonder if they did no splits.

They're probably an offering though. But look at what the the company does. I think that's the most interesting part and it really plays into what we're still talking about with regard to uh data centers and AI.

This is this is one of those companies that uh you know could get a lot more attention on a resurgence of the AI trade.

Okay, so this has a theme backing for it. Here's what the chart looks like. Looks like we had an impulse move up to 350, a pull all the way back down to the 15 EMA, a recapture of the VWAP.

Good news is that we're actually holding above this, but I would want this to continue to hold above. Um, I think 330 might be your next resistance on this one.

It's interesting you bring up 330. I uh we have traded this before because I have uh levels marked off from the last time we did. 330 is one of them. Uh we also have some levels uh to the downside.

I have a level at 21 uh 12. 212 213. uh don't think we're going to go down there, but uh 330 is is a uh level that I do have marked up in particular. We did uh climb over that briefly, but no, uh closes over 330.

Look at a larger time frame to see if there's anything else I can see beyond uh 330.

Um okay, so last time we traded this, this thing, you know, shot up over a few days um in August before it came back in. So, looks like uh after 3:30 you there could be an argument for 375.

Uh I also say uh you know 4 and uh 470 could also be an area if you know I can get into stupid levels later because we ended up hitting one uh the last time this we this thing traded up big time in August.

But for now, let's just uh go with those you know that I just mentioned. We'll we'll we'll see if we can even uh hit any of those levels.

All right. If 13's not going to do it, I'll just steal his thunder and do it. 373 and 745 are your next spots according to the to that chart there. That's all I have. 13. We'll see if we end up getting that

uh if we get any of those movements there. I'm sorry. I couldn't help myself. I could I couldn't help myself. It was sitting right there. It was literally like click me, click me.

So So I did it. U Okay. Good stuff there on Brenx. Did you have anything else?

BRNX. Uh this one really hasn't done a whole lot since the open. It's still uh meandering around uh VWAP,