The reality is that this current level of shorting is actually temporarily a good thing.
It means that there is a high level of market awareness in the stock.
Given that we have Renesas taping out chips and ARM integrating AKIDA into their own it's only a matter of time before we get some good news.
When the new comes in the SP will fly and very quickly.
Given that shortman shows shorts have been in a range at a top for around 6 months and the BRN SP is oversold both short and long term the risks are with the shorters.
The potential positive/bullish divergence on the long term %Bollinger% is still in play.
ARM develops new Cortex M85 chip with Brainchip Akida IP, page-138
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Last
21.5¢ |
Change
0.025(13.2%) |
Mkt cap ! $421.2M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 22.5¢ | 18.5¢ | $4.334M | 20.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 82000 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 136156 | 3 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |