2024 BrainChip Discussion, page-1696

Aerialstar89. Its easy to go with the longer term dominant down trend which usually prevails but most downtrends have one thing in common - they all eventually run out of steam and reverse - those that don't go broke.
This is the 3rd time your graph shows price hitting the circa 25 cents. The first 2 times price retraced. It may well obey the dominant trend and reverse again however there are some differences, The Boillinger Bands - 20 day, 2 STD look like they are exploding out of the starting gates. The SP close has crossed above the Donchian 100 day middle line into bullish territory for the 1st time since July'22 when price was still having aftershocks from the Jan'22 move.
The money flow index is now at its highest for quite some time,
So next week will be interesting. Will the prevailing trend rule or is it time for a change?
If its time for a change we may see some early profit taking before a move up.