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12.3%

25.0¢ brainchip holdings ltd

ARM down 16% overnight and NVDA 10%.Assuming no revenue of note...

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dawgfather

9,253 Posts.

4604

20/04/24

08:53

Post #: 73435633
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Originally posted by Lies&damnlies: ↑

Hi Folks

I always keep an eye on the Nasdaq (NDX) chart as a indicator for the AI sector.

Since late Oct the NDX has been through a remarkable growth spurt growing 31% to the peak in just 5 months. Inevitably after such a strong rise a downward retracement was always on the cards.

During that rise 7 unfilled daily gaps were created and with the start of the retracement, 4 weeks ago, the top gap has been filled in the last two days.

I have included the retracement FIB's on the chart and with a 38% retracement two more gaps are likely to fill.

The four lower unfilled gap may indeed remain unfilled. Who knows?

So it seems that some downward pressure is already underway on the AI sector and may continue for some weeks/months towards mid-year, The pullback in the last week was quite strong.

Worth keeping a eye on.

cheers Lies

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ARM down 16% overnight and NVDA 10%.

Assuming no revenue of note in the upcoming quarterly, there is plenty of room to fall. Still $560m market cap with revenue comparable to a successful Sydney cafe.

BRN Price at posting: 30.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

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(20min delay)
Last 25.0¢		Change -0.035(12.3%)		Mkt cap ! $463.9M

Open	High	Low	Value	Volume
28.5¢	29.0¢	24.0¢	$6.813M	26.60M

Buyers (Bids)

No.	Vol.	Price($)
35	887784	24.5¢

Sellers (Offers)

Price($)	Vol.	No.
25.0¢	23428	2

View Market Depth

No.	Vol.	Price($)
35	887784	0.245
38	840695	0.240
19	794138	0.235
27	556335	0.230
4	180333	0.225

Price($)	Vol.	No.
0.250	23428	2
0.255	904062	19
0.260	582331	12
0.265	402551	7
0.270	659769	9

Last trade - 16.10pm 02/05/2024 (20 minute delay)


Last 24.5¢			Change -0.035 ( 15.4 %)
Open	High		Low	Volume
28.5¢	28.5¢		24.0¢	20655408
Last updated 15.59pm 02/05/2024 ?

BRN (ASX) Chart