The reality is that this current level of shorting is actually temporarily a good thing.
It means that there is a high level of market awareness in the stock.
Given that we have Renesas taping out chips and ARM integrating AKIDA into their own it's only a matter of time before we get some good news.
When the new comes in the SP will fly and very quickly.
Given that shortman shows shorts have been in a range at a top for around 6 months and the BRN SP is oversold both short and long term the risks are with the shorters.
The potential positive/bullish divergence on the long term %Bollinger% is still in play.
ARM develops new Cortex M85 chip with Brainchip Akida IP, page-138
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $380.4M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 20.3¢ | $1.148M | 5.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 165683 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |