BRN 9.80% 23.0¢ brainchip holdings ltd

Chart, page-19138

  1. 3,105 Posts.
    lightbulb Created with Sketch. 2221
    Hi Folks

    Once more I venture to look at the weekly chart.

    The FIB's from this weekly chart are, to say the least, not very promising at all. See for yourself.

    With the daily charts I should point out there is not only one daily up gap at 0.55 - 0.575 , but also a second lower gap at 0.495 - 0.51.

    So I won't be jumping at bargains any time soon. I will be watching for the DCB to maybe give me some guide of where we are heading eventually.

    Just my opinions, as always DYOR.

    PS I still believe in the long term future of this company but as we enter the oversold phase its just a question on how low can the SP go. Time with nothing seriously happening is the driver of this oversold phase.

    Good luck folks.

    Cheers Lies


    https://hotcopper.com.au/data/attachments/4813/4813798-e53056fbd0caaaf4c405d230430d06dd.jpg
 
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