Brainchip Chart, page-718

Hi Folks

Not many charting posts recently.

BRN still skipping along the third and lowest waterline. Both my traditional and comparison charts indicating a further leak down to a lower waterline.
I sold 40% of my trading parcel into that 1st DCB as my 2nd trade. I have been looking for the 3rd trade re-buy.

With the recent CR and the ASX300 index rebalance happening next month, I'm not in a hurry. The 2022-23 downturn had 6 waterlines.

If the leak happens and the next lower waterline is established it may or may not be the lowest eventual waterline.

Looking at the big picture with the weeklies that waterline at 15-16 later last year and the bounce to 53 and and retrace may all be just the playout of that waterline.

Keeping my power dry for that 3rd re-buy.

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

cheers Lies