BRN 2.50% 19.5¢ brainchip holdings ltd

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  1. 807 Posts.
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    RHanneman - if you look at the peak of the 2020 bull run you'll see a spinning top followed by a couple of bearish candles and then a sell off. If you draw a horizontal line to the peak of the RSI in the 2020 bull run to the peak of this bull run you'll also notice that yesterday the RSI peaked at the exact same level (which has only been reached these two times). I actually see some similarities between the 2020 bull run peak and the potential peak of this bull run. I also sold at 80c in 2020 and bought back at 35c, however this bull run is more warranted though so I wouldn't expect such a dramatic drop and long lasting sideways movement.

    Let's see what happens, no hard feelings here just sharing my view on the 'chart' thread and suggesting that maybe it's not the best time to buy in if you're not holding. As always, I could be wrong.

    https://hotcopper.com.au/data/attachments/4006/4006076-1ce2a02fb2930a1fcc2e55e6deac408a.jpg

    Last edited by jogo90: 20/01/22
 
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