Thanks for your insight. I simply take the tangible what's in front of me approach.
Shares are down 4.8% as we sit today.
The chart in my post above speaks enough volumes.
The Py has only managed to Torch the share price from a close of 37c on Friday 11th Aug on the Edge-Impulse- Intel article to 35.5c today and sitting below multiple or all key moving averages.. So either the market doesn't care because it's just another maybe dot joining escapade, or the whole market is completely unaware of what the relationship between the two articles imply. And it seems the market has had no clue for the last 18 months and an 86% drop from the "hypey'' Mercedes news.
The share price has also just busted below a key fractal inflection level at 37.5c. The shorters are simply taking advantage of a company that exhibits and has exhibited all the red flags shorters would look for in a high-probability trade. In BRNs case, a position short, which is the opposite of a position long for a leadership stock.
Unfortunately for faithful shareholders, nothing will change until a new IP deal is announced, or Brainchip actually gets a mention in these dot-joining articles.
Any half-decent investor would use price confirmation before the story and narrative of a company before they invest their hard-earned money.
Price Confirmation- no Price Sensitive Announcement Conformation- No Earliest possible Earnings Confirmation- Aug 30 H1 2023- see price confirmation Late Q3 Gen 2 in September- see price confirmation
No buy signals here just yet.
In my view of course.
BRN Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held
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