BRN 0.00% 20.0¢ brainchip holdings ltd

Chart, page-768

  1. YLJ
    819 Posts.
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    Just returned from a couples days getaway, not sure if that was a request for a chart update,
    but here it is for those who are interested.

    BRN has just completed another continuation pattern, in this case, a half-mast Pennant
    formation. The measured target of 26.5 - 27.5 (depending on which classical measuring
    rule one chooses, as there are slight variations, which I will not bore you all with.)
    For a short term pattern trade, this would be the area to take some profit.
    27.5 coincides with some resistance. A strong close around the current level will be more
    than satisfactory IMHO.

    From a medium-term perspective, my next meaningful target is 0.35, the highest point in
    the Falling Wedge formation (weekly chart).
    I do not comment on minor daily fluctuations as I consider them to be mostly noise and
    I am not a day-trader.
    BRN has been a gift of late from a classical trading perspective with clearly defined entries
    that have pretty much just taken-off from their breakout points without much lagging.
    GLTA

    https://hotcopper.com.au/data/attachments/2401/2401713-1592562f880fc8db2cde6d48b930e7c2.jpg
 
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
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