BRN

17.0%

31.0¢ brainchip holdings ltd

Brainchip Chart, page-278

First 278 Last

Share
Profile

Follow
Lies&damnlies

3,114 Posts.

2223

05/03/24

08:19

Post #: 72743666
Share

Originally posted by Lies&damnlies: ↑

Hi MarkrtM

Be careful.

In two days we have seen a downward A-wave fall from 53.5 to 32 On the original A-wave upwards 15.5-53.5 a 50% FIB retracement was 34.5 we passed that mark. Todays low 32 is about half way between 50% and 61%.(with 61.2% being at 30).

Even in this short a period that's a long way. At some time I am expecting a bargain hunters bounce so a B-wave bounce upwards.
The start of this B-wave could be from todays low of 32. Alternatively it could go down to test that 61% FIB at 30 before bouncing. Also what you proposed about 28 can't be ruled out. Neither can a SP lower that that.

In my daily chart below I speculated of what this bounce could look like, Notice it sort of forms the right shoulder of this entire recent rise.

Why the bargain hunters bounce. The thinking goes something like this.
Two days ago it was well over 50 and if I can buy tomorrow at 30, what a bargain. If it goes up to 53 inside a week what a profit. Once a bounce like this start then the FOMO cuts in and people chase the SP upwards.

That's how Dead Cat Bounces (DCB) got their name. At the start the cat looks like its leaping strongly upwards, then comes the turn and on the way down the cat doesn't look that lively. Once it passes the starting point of the leap, the vet takes a look as says this cat has been dead for quite a while. Someone must have throw it down hard onto a trampoline to get it to bounce that high.

With the charts its natural behaviour to see a bounce at sometime in a serious downturn.

Just the way I deal with the markets so that I am not surprised by what plays out. As always DYOR.

We shall see?

cheers Lies

Expand

Hi Folks

This chart posted on the 27th Feb seems to be playing out.

cheers Lies

Last edited by Lies&damnlies: 05/03/24

BRN Price at posting: 43.5¢ Sentiment: None Disclosure: Held
6 Upvote

1 Great analysis

Reply

Top Stories

OCT

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

ARV

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

ARB

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Tonight's US CPI data could set the tone for November. What are markets expecting?

LEX

Lefroy boosts near-surface gold resource by 13% to 439Koz

There are more pages in this discussion • 1,001 more messages in this thread...

First 278 Last

Add BRN (ASX) to my watchlist

(20min delay)
Last 31.0¢		Change 0.045(17.0%)		Mkt cap ! $608.3M

Open	High	Low	Value	Volume
26.5¢	32.3¢	26.5¢	$13.67M	45.36M

Buyers (Bids)

No.	Vol.	Price($)
2	20364	31.0¢

Sellers (Offers)

Price($)	Vol.	No.
31.5¢	653900	10

View Market Depth

No.	Vol.	Price($)
2	20364	0.310
8	158991	0.305
36	867594	0.300
11	1023313	0.295
16	553133	0.290

Price($)	Vol.	No.
0.315	653900	10
0.320	588638	22
0.325	392901	18
0.330	182875	16
0.335	130980	9

Last trade - 16.10pm 10/10/2024 (20 minute delay)

BRN (ASX) Chart

Brainchip Chart, page-278

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Tonight's US CPI data could set the tone for November. What are markets expecting?

Lefroy boosts near-surface gold resource by 13% to 439Koz

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Brainchip Chart, page-278

Top Stories

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Tonight's US CPI data could set the tone for November. What are markets expecting?

Lefroy boosts near-surface gold resource by 13% to 439Koz

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News