Brainchip Chart, page-616

Hi Folks

I have a secure server for a while. I won’t post charts as it’s too awkward with this device.

The above post still seems to be holding true. By getting down to 24 we reached the 1st potential target area.

The AGM has been and gone. We did get a rise after the qtrly low of 24 to 29.5 leading into the AGM and we reached the bottom of the old waterline. Not quite a 25% rise.

It seems that a new lower waterline at around 24.5 seems to be forming for a while and I am expecting a couple of skips along the surface. With no significant news I am expecting another leak downwards eventually towards the high teens. This matches up with the 2nd potential target area shown in my previous post.

I am not rushing in to complete the 3rd trade with my trading parcel. That can wait until I get back home before I consider that option.

With the pending June Qtry report out late July we will see if any revenue surfaces from the sale of the Akida 2.0 chip and how significant that is.

The BRN Mcap it currently under $500m and there is another ASX 300 rebalance in Sept. We narrowly escaped removal from the ASX300 in the Mar rebalance. If the SP leaks down into the teens again removal and all that goes with it can’t be ignored, Let’s see how lucky we are.

My banana comparison chart also indicates no need for any action until after the end of the financial year.

We shall see?

cheers Lies

PS in catching up with this chart thread I noticed a complete U-turn by one of our posters , no longer pushing soon again into the 50’s but switching to 18 as an immediate target.

I suppose the coin toss came down tails this time.