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15.5¢ brainchip holdings ltd

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stan9614

971 Posts.

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11/09/20

19:17

Post #: 47280796
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Originally posted by Lies&damnlies: ↑

Hi folks

Just and update on my last post for BRN.

I was looking at possible extension using fibs 0.03 to 0.595 resulting in Ext 23.6% = 0.72 , Ext 38.2% = 0.81 , Ext 50% = 0.87 and Ext 61.2% = 0.94.

Well just crept past the Ext 61.2% to reach a high of 0.97, a very strong performance.

In this post I am at first examining the retracement ( profit taking) from the 0.97 peak.

So using fibs 0.03 to 0.97 results in following possible retracements Ret 23.6% = 0.74 , Ret 38.2% = 0.61 , Ret 50% = 0.50 and Ret 61.2% = 0.0.39.

Well we hit close to the ret 38.2% at 0.615 today easily. As Dolci pointed out could be a double bottom? Could be.

But it seems too quick this retracement. So I suspect we are heading toward Ret 50% = 0.50.

Next there is a daily up gap between the 7-8th of Sept of 0.565 to 0.59 (see daily chart below). Gaps don't always get filled, but I have found that more often than not, they do.

Next I am going to examine the very short down fib from a peak of 0.97 ( often unreliable , but worth a look).

So using 0.97 to 0.615 as the A wave down ( todays low , this low may beaten over the next couple of days, I am just examining the case that we will see a B wave bounce soon) possible upwards B Wave short term bounce possibilities of Ret 23.6% = 0.70 , Ret 38.2% = 0.75 , Ret 50% = 0.79 . A bounce to 0.75 seems roughly right over the coming days.

Next the short term C wave extensions downward show Ext 23.6 = 0.53 (which I favour as it would fill the 0.565 - 0.59 gap) and also Ext 38.6 = 0.48.

Looking at the daily chart below you will see that during this incredible rise that since July there have been a two of occasions when profit taking has pull the daily candles back to the 10DMA ( ten day moving average). I suspect that this is going to happen again. As of today the SP closed at 0.645 the 10DMA was 0.55. Also looking at the RSI (5) to fall down to the around 40 towards being oversold currently RSI(5) is 61

So to sum it up I am expecting a bounce in the coming days and then heading to the 0.50 to 0.55c range, before the next leg upwards.

Just my opinion and how I view the markets through charts. DYOR

If the bottom of this market does turn out to be in the 0.50 - 0.55c range. I will post again about the next leg up.

Good luck folks , Don't panic.

cheers Lies

https://finance.yahoo.com/chart/BRN.AX#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.KAjCAoMTQsQyx5KSI6eyJwZXJjZW50IjowLjIsImRpc3BsYXkiOiLigIxzdG9jaGFzdGljc.KAjCAoMTQsQyx5KSIsImNoYXJ0TmFtZSI6ImNoYXJ0IiwiaW5kZXgiOjMsInlBeGlzIjp7Im5hbWUiOiLigIxzdG9jaGFzdGljc.KAjCAoMTQsQyx5KSIsInBvc2l0aW9uIjpudWxsfSwieWF4aXNMSFMiOltdLCJ5YXhpc1JIUyI6WyLigIxzdG9jaGFzdGljc.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.KAjCAoMTQsQyx5KSI6eyJ0eXBlIjoic3RvY2hhc3RpY3MiLCJpbnB1dHMiOnsiUGVyaW9kIjoxNCwiRmllbGQiOiJDbG9zZSIsIlNtb290aCI6dHJ1ZSwiaWQiOiLigIxzdG9jaGFzdGljc.KAjCAoMTQsQyx5KSIsImRpc3BsYXkiOiLigIxzdG9jaGFzdGljc.KAjCAoMTQsQyx5KSJ9LCJvdXRwdXRzIjp7IkZhc3QiOiIjMDAwMDAwIiwiU2xvdyI6IiNGRjAwMDAifSwicGFuZWwiOiLigIxzdG9jaGFzdGljc.KAjCAoMTQsQyx5KSIsInBhcmFtZXRlcnMiOnsic3R1ZHlPdmVyWm9uZXNFbmFibGVkIjp0cnVlLCJzdHVkeU92ZXJCb3VnaHRWYWx1ZSI6ODAsInN0dWR5T3ZlckJvdWdodENvbG9yIjoiIzAwMDAwMCIsInN0dWR5T3ZlclNvbGRWYWx1ZSI6MjAsInN0dWR5T3ZlclNvbGRDb2xvciI6IiMwMDAwMDAiLCJjaGFydE5hbWUiOiJjaGFydCIsInBhbmVsTmFtZSI6IuKAjHN0b2NoYXN0aWNz4oCMICgxNCxDLHkpIn19fSwidGltZVVuaXQiOm51bGx9

Expand

the problem is, your result is on the base of no annoucement will be issued in the next week or two. So if the chip test successful announcement appears one day in the next two weeks, what do you think the bottom of the SP will be?

Last edited by stan9614: 11/09/20

BRN Price at posting: 64.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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