BRN

0.00%

20.0¢ brainchip holdings ltd

Chart, page-16609

First 16609 Last

Share
Profile

Follow
thesunny123

2,329 Posts.

219

29/01/22

19:33

Post #: 59214955
Share

Originally posted by PetterH: ↑

OK, its been a long time since I have posted my thought on the charts thread. Above I have posted a daily chart. The first thing I noticed was the RSI is sitting right on 50 points coming down from being red Hot. I usually use the 50 RSI as an indicator where this will head next and right now its hard to tell, but generally I would say if it breaks below 50 it might have more downside potentially going back towards 30. OR it might find support around 50 and move back up towards 80.

The second thing I noticed was the key level around $1.33, it had a day of testing that level before it moved on the big run above $2 as well as re testing this level twice now showing good support. Again if it breaks this level I dont know how far back it will go, but I would guess close to $1 if it breaks that support. This might take a few weeks to occure as i think the main sell off is finished.

Third thing I noticed was fib levels from start of major run where it broke away from over all trend line is now currently sitting on 0.618 fib right around that same $1.33 level maybe just coincidence or maybe further confirmation that $1.33 is a crucial level.

over all takeaway, we are still in an uptrend until we cross back below that over all trendline. Trend is your friend as they say, when in doubt, zoom out, and all the other cliché sayings you can think of.

And then on the 15 min short term chart I would just like to point out that we are in a descending triangle witch I think has been pointed out before with the trading range tightening between the descending trend line and $1.33 support.

Using the Ichimuku cloud we can also see the resistance follows that descending trend line quite nicely so if we break trough that cloud it will be go time in my opinion.

RSI points to me that it will retest the $1.33 again before trying to break trough to the upside.

This is all my opinion and you should not take anything I say as financial advice.

Expand

I am with you - we are going to likely touch at least 1.33 to test any sellers. If not, then journey upwards.

BRN Price at posting: $1.39 Sentiment: Sell Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

Bitcoin investors need to know the risks

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

ASX hits all time high out the gate on Friday trades following bullish US inflation data

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

There are more pages in this discussion • 4,298 more messages in this thread...

First 16609 Last

Add BRN (ASX) to my watchlist

(20min delay)
Last 20.0¢		Change 0.000(0.00%)		Mkt cap ! $371.1M

Open	High	Low	Value	Volume
19.5¢	20.5¢	19.5¢	$656.1K	3.281M

Buyers (Bids)

No.	Vol.	Price($)
16	364081	20.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.5¢	1348618	18

View Market Depth

No.	Vol.	Price($)
11	199988	0.200
41	1118223	0.195
53	1539533	0.190
32	1383291	0.185
45	1476388	0.180

Price($)	Vol.	No.
0.205	1097428	14
0.210	1198206	19
0.215	422560	18
0.220	724111	24
0.225	361409	12

Last trade - 16.10pm 12/07/2024 (20 minute delay)

BRN (ASX) Chart

Chart, page-16609

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Nimy to raise $1.21M to explore 'newsy' WA targets

Bitcoin investors need to know the risks

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Immutep reports strong response rate from immunotherapies treating carcinomas

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Chart, page-16609

Top Stories

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Nimy to raise $1.21M to explore 'newsy' WA targets

Bitcoin investors need to know the risks

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Immutep reports strong response rate from immunotherapies treating carcinomas

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News