If it breaks the previous high of 22.5 cents it may carve its way through resistance and target that gap at 44.5 cents from Feb'24. Its wait and see.
I would prefer an orderly rise in the SP.
If we see a few huge days up on no news, huge volume where the low gaps above the top Boll band on one, two and/or more then it's starting to look like an unsustainable traders rally. Hindsight will be the only truly reliable indicator.
In any case when we get good news there is plenty of room to long term move as the 'ordinary' AD indicator is at historical lows. It will start moving up if this buying continues. Its over a bill shares in the Red.
We have not seen a bullish AD according to Incredible Charts since 2016/17. It was even bearish when the $2.34 high was hit. DYOR. Its wait and see.
Brainchip Chart, page-882
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Last
24.5¢ |
Change
0.010(4.26%) |
Mkt cap ! $483.2M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 25.0¢ | 23.0¢ | $2.383M | 9.852M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 338128 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 1301709 | 24 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| BRN (ASX) Chart |