BRN 2.50% 20.5¢ brainchip holdings ltd

Chart, page-3151

  1. 18,377 Posts.
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    I don’t know stones.
    Tentatively it seems 33c level was some kind of technical bounce line for some but I would expect that upwards prices need to be pinned on something fundamentally ‘secure’ and without news further slippage is likely in the near term.

    I liked how the rationales in your chart dovetailed with the LDA deal so expect, if you are right, 21c may be tested or even lower..

    What I do know is that in the simple diagram @Saragian shared [here] the important levels are/were 41c, 23.5c and 6c
    .... to me (?) that means if it does go as low as 21c it needs to find its way back to definitive closes over 23.5c .


    OK ... so to put my money where my mouth is I will buy again at solid closes over 41c
    If it goes really flat maybe a dabble with stop loss in case 23.5c holds.
    In the worst (theoretical) scenario it depends on what it is that has created it, and how much more I have learned about this company and others.

    Thanks for getting me to clarify my blueprint : )

    cheers
    Last edited by sabine: 01/10/20
 
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