BRN 3.49% 22.3¢ brainchip holdings ltd

Hi folksNothing surprising going on in the charts. It looks like...

  1. 2,993 Posts.
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    Hi folks
    Nothing surprising going on in the charts.

    It looks like that waterline is at 25 with a couple of dips down to 24 and 24.5. Yesterday we saw another splash. A few more bounces wouldn’t surprise.

    A short bounce for a couple of days and a quick return to the waterline could be a herald to the next leak downwards. Alternatively this waterline may still play out for a while.

    The last time the SP was at this level in a sustained downtrend was Sep last year and we all saw that leak downwards to the 16-18 range. The news following Sep is no different to the news currently surfacing.

    My comparison chart is indicating a further downtrend in the coming couple of weeks. But DYOR

    cheers Lies

 
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22.3¢
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