2022 BRN Discussion, page-7574

hi Dolci:
I too have be told that about the gaps, it seems the gap on the 1st of Jan around 70c is the second gap since this run, while the 1st gap happened on the 24/12/2021. I was told that normally the 1st gap won't need to be filled, but the second one onward inevitably always get filled. I am just wondering if this is how you know about the gaps theory as well?

regarding to the broker data, when the RSI reached 90, I had every reason to sell a big portion but I didn't, because of what I see in the broker data. the Data shows even if you look at the data from March 2021, the majority of insto are starting to have paper losses as their average buy price was around $1 from 12/03/2021 to 11/03/2022.


now if look at the data from 4/1/22 where mecedes news came out. it is clear that retailer investors were the major seller while instos bought like crazy with average buy price at over $1.5



The peak three days happened on 18th, 19th and 20th of Jan. where the RSI reached 90, and looking at the data on each of those days, especially what jp morgan did on the 19th (net bought 10m shares at $2). That was what turned my mind away from selling any of my long term holdings.




One thing I am sure is that this the broker data for this wrong was totally different from the one in september 2020,
here is the data from March 2020 to March 2021. It clearly shows that retailer brokers were top net buyers, while instos sold huge amount of stocks. completely opposite to the data between March 2021 to March 2022


So, my questions is, why would these instos allow itself to accumulate so many brn shares and let the price slide below their average cost? Especially when all of us know that Brainchip's fundamentally has being stronger and stronger.

My guess is that instos are intending to shake out more retail investors, especially the multi-baggers. and if that is the case. To do that, they will use small amount of shares to drive down the price day by day until some retail holders start to lose patience or even faith. I think this is how insto can break down some of the diamond hands.

So this my understanding. At the moment, on the daily chart, althought RSI is very close to oversold, but the weekly chart, MACD just started to cross downwards since last week. so I guess not yet a clear sign of rebound?

From the weekly chart we can see since 2020, we had three major run and dip, both the sep2020 dip and march2021 dip bottomed right on the moving average line.



I only started to learn technical analysis. I hope you and any other technical analyst could shed some more light on this one.

thanks in advance.