Hi folksQuick chart update.BRN has been skipping along that...

Hi folks

Quick chart update.

BRN has been skipping along that waterline for some time. Waterlines can throw some confusion into normal chart analysis.

Just take a look at my second chart for ALB. It's been running along a waterline for 23 weeks (115 TD's) rendering chart analysis useless during that time.

BRN quarterly is due this coming week and eye's will be focussed on the revenue. Not sure whether the Akida 2.0 chip revenue will surface in this report.
Last quarters revenue was about $800k. Any revenue under $1m could cause a short term dip or dive below the waterline. But with the AGM in 3 weeks I am not confident that a leek will occur. Do your homework and look at the May and then the June charts before and after to AGM.

Even revenue of $2m may excite some people, in the short term, as it would be about a 150% boost in revenue on the previous quarter, but its equal to 1-2 months worth of cashburn.

The comparison chart had problems with the waterline, although further down the track it was predicting a bounce. That could well match up with the bounce leading up to the AGM. Just speculation.

That's also my traditional charting reading. A bounce into the AGM, but with no IP news then a leak below the waterline in June while I am away.

Just my opinions so DYOR.

I don't post much at all while travelling, so I am already weaning myself off HC.

cheers Lies