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19.5¢ brainchip holdings ltd

[ATTACH] May the trend continue! Resistance (today) at the upper...

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Saragian

4,769 Posts.

6124

14/01/22

08:53

Post #: 58854008
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Originally posted by Saragian ↑

Fundamental analysis focuses on interpreting a company's financial accounts.

Technical analysis focuses on identifying a company's share price historical, repeating price patterns/trends.

Below is a linear regression chart from the 3.1c low on 19/03/20 to the 97c. high on 03/09/20.......with an identifiable repeating price pattern.

Key HORIZONTAL resistance is @ $1.09c. ....and key TREND line resistance (today) is @ $1.14c. ..........keeping in mind the CLOSING PRICE is the one that matters.

Consistent closing prices above $1.09c. would be an indication to expect further upside........and closing prices above the lower sd trend line would confirm the BRN share price has returned to the primary up trend.

So, at what price to re enter??.........on confirmation of the break or a (probable) retrace.

Cheers.

View attachment 3979061

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May the trend continue!

Resistance (today) at the upper sd TREND line is @ $1.47c.........next (interim) TP is $1.53c.

As we are all aware, there are a number of recent price gaps on the chart..........expect most of those to get closed .......but when??

Below is a 1 MINUTE chart highlighting the 11c. repeating range.........may THAT trend continue.

Cheers.

BRN Price at posting: $1.40 Sentiment: Hold Disclosure: Held
13 Upvote

2 Great analysis

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(20min delay)
Last 19.5¢		Change -0.010(4.88%)		Mkt cap ! $366.5M

Open	High	Low	Value	Volume
20.5¢	20.5¢	19.5¢	$519.7K	2.596M

Buyers (Bids)

No.	Vol.	Price($)
42	1380239	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	773191	36

View Market Depth

No.	Vol.	Price($)
40	1362986	0.195
50	2454994	0.190
66	2403693	0.185
65	1885681	0.180
24	374008	0.175

Price($)	Vol.	No.
0.200	773191	36
0.205	442053	14
0.210	1078783	18
0.215	470860	11
0.220	1017214	27

Last trade - 12.55pm 26/07/2024 (20 minute delay)

BRN (ASX) Chart