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18.8¢ brainchip holdings ltd

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jogo90

807 Posts.

158

20/01/22

18:30

Post #: 59020026
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Originally posted by RHanneman: ↑

Yep, I'm just pointing out that the "indicators" you are pointing out as bearish have been very wrong very consistently in the past. The fact that the RSI is this high doesn't tell you anything more than just looking at the chart does. RSI can be high and stay very high for a long time in face ripping runs like this one. It is just a silly way to make something simple look more complex than it really is, taking a ratio of the average gain on green days and the average loss on red days and then mapping that quantity into a finite interval from (0,100).

RSI = 100 - 100 / (1 + (average gain over n periods + current period gain ) / ( average gain over a n periods + current period loss ) )

You don't need RSI to tell you that the average gains recently have been a lot more than the average losses.

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It's true, indicators aren't always accurate but this is what they're telling me. Let's see what happens. Best of luck my friend.

BRN Price at posting: $1.99 Sentiment: None Disclosure: Not Held
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(20min delay)
Last 18.8¢		Change -0.008(3.85%)		Mkt cap ! $363.0M

Open	High	Low	Value	Volume
19.5¢	20.5¢	18.5¢	$2.107M	10.72M

Buyers (Bids)

No.	Vol.	Price($)
48	1975918	18.5¢

Sellers (Offers)

Price($)	Vol.	No.
19.0¢	1325861	17

View Market Depth

No.	Vol.	Price($)
49	1976143	0.185
50	2888625	0.180
31	1120728	0.175
39	1375585	0.170
25	1296375	0.165

Price($)	Vol.	No.
0.190	1325941	18
0.195	814623	12
0.200	969926	13
0.205	970422	19
0.210	723464	25

Last trade - 15.21pm 27/09/2024 (20 minute delay)

BRN (ASX) Chart