Charting, page-259

My own "technical analysis";

Most people on this thread would consider me a little annoying, because my bullshit meter is high for this entity.

Just a little fundamental gibberish before I plow into my meaty chart analysis.

First, sometime in FY23 It was "battery issues" that apparently plagued such little populous of implanted individuals, they pretty much boobed and milked investors and the problem into a slumber. And then, apparently presto were resolved! But oh, for some very ditsy reason, forgot to give us the "price sensitive" definitive answer.

Isn't that perplexing?

Now, according to the last 4c printed, staff costs have risen by an almost double digit number. Doesn't need an explanation, does it. HOWEVER, Inclusion into the ASX 300 was apparently more important to announce (aiding and accompanied by the inevitable annual CEO and board end of year performance bonus).

ALL THE WHILE, delays to the submission plaguing a very convenient situation for those on the EBR breastfeeding committee, the Milk nourishing EBR investors with all the nice cream rather than focusing on the "technical detail" on what the issues are exactly.

mmmmmm, I'm still not convinced the ORIGINAL battery issue has been resolved.

Anyway, technically I think EBR is locked in a firm MEDIUM TERM uptrend. The embryonic life of this entity means little TA can be derived from a long term perspective. HOWEVER we are hitting the top of the upper trend line, and any rise above it will result in a BLOW OFF (possibly accompanied by my predicted CR). Daily EMA's are really our only guide, and it looks to me too be primed for a breather. The MACD is positively unsure, and the volumes are weak (not consistent with a bullish scenario.

I therefore expect a pull back to the 175EMA. The MA converges with the lower MEDIUM TERM uptrend line, and significant support and resistance.


My prediction; Blow off above $1.22, finding its way down to that lower trendline.