BRN 2.27% 21.5¢ brainchip holdings ltd

Chart, page-7364

  1. 4,432 Posts.
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    I am indeed happy to hold a sizable parcel here and to await developments, largely because (as I have declared recently) I am much less interested in the short term sentiment recorded. Weekly and monthly records are much more significant as a company like BRN relies upon medium to longer term developments and announcements which accordingly shift the sp.

    Yes as FF has commented, there may well be larger holders prepared to 'tread the ice' by buying-selling-buying-selling pips and earn more in a week than many do in 6 months at work. It is up to holders of course as to how each reacts to this. Some may well try to follow the trend but if there are professional manipulators at work, which I personally think is more than likely the case, then holders need to research what drives this stock and to also look to the past performance based upon fundamentals as interpreted by the sp charts.

    Look at say the monthly chart since this began to run and there is clear evidence that for 9 straight months the sp has finished higher than the start of each month and at this point for Feb, we have a clear long-legged doji formed. For those who rate the Bollinger Bands as indicators there is also clear evidence that the sp sits within the BBs and the moving-averages are bullish.

    I suppose I personally will have to rate the announcements, the price action in the US and the quality of comments made on here as well (largely because I am relying upon others to assist me in appreciating the technical aspects involved).

    My final back-up as an investor is to let the sentiment be my guide, to set fair stop-loss positions and to pay attention, without being obsessive. That is my personal take on Due Diligence as sole trader, which I have opted to post at this point. I will say one more thing though about making personal decisions (I have said this ages ago) I invested $30K in FMG at circa 5c (Equivalent after 10-1 consolidation) a share, I sold too early (after a higher run) because I read some adverse comments about Twiggy, I listened to a mate and I developed an Auto Immune Disease at the time. If I had left that $30K where it was it would be worth approx $10m. Not saying, just saying due your DD. esp.
 
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Last
21.5¢
Change
-0.005(2.27%)
Mkt cap ! $399.0M
Open High Low Value Volume
22.0¢ 22.0¢ 21.0¢ $696.6K 3.233M

Buyers (Bids)

No. Vol. Price($)
47 1400407 21.0¢
 

Sellers (Offers)

Price($) Vol. No.
21.5¢ 218182 13
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Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
BRN (ASX) Chart
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