BRN 2.22% 22.0¢ brainchip holdings ltd

Chart, page-18195

  1. 7,708 Posts.
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    Some interesting things happening with BRN on a technical level,

    The RSI is hovering around the 30 area, as you can see on the chart below the last 4 times price got down to this oversold level there was a decent bounce soon after.

    Dec 2020 RSI hovered close to 30 BRN moved from a low of 30.5c to a high of 68c over 19 trading days

    March 2021 RSI  touched 30, BRN moved from a low of 41c to a high of 77c this time it took only 12 trading days

    July 2021 the RSI hovered around 30 BRN moved from a low of 43.5 to a high of 55c over 11 trading days

    October 2021 RSI actually broke below 30, BRN moved from a low of 36.5 to a high of 52c over 16 trading days

    So whenever the SP gets so oversold BRN has a history of rallying once the RSI gets near to 30, BRN rallied 25%, 40%, 90% to 125%

    Currently the RSI is also near the 30 level so odds favour a decent bounce based on BRN's history, the daily macd is also about to cross and even after such a large sell off BRN is still above its 200 day MA

    DYOR

    BRN - Daily - BRAINCHIP HOLDINGS LTDMarch.jpg
 
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Last
22.0¢
Change
-0.005(2.22%)
Mkt cap ! $408.3M
Open High Low Value Volume
22.5¢ 22.5¢ 21.8¢ $1.107M 5.019M

Buyers (Bids)

No. Vol. Price($)
6 110458 22.0¢
 

Sellers (Offers)

Price($) Vol. No.
22.5¢ 355185 24
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
BRN (ASX) Chart
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