BRN 9.30% 19.5¢ brainchip holdings ltd

Hi ChippersWhat a day!! Get news about the AKIDA1000...

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    Hi Chippers

    What a day!! Get news about the AKIDA1000 commercialisation. That will start the revenue flow.

    I thought that I would revisit my charts now that I have an anchor.

    So using FIB's on the run from 0.645 to 1.89. We had that short anchor retrace from 1.89 down to 1.335 which was approx a 44% retrace.

    So once we close for a couple of days above 1.89 we get into the breakout zone which is very bullish. That sets up some target zones.

    * 1st target zone is Ext 23.65 to Ext 38.3% being 2.19 to 2.37

    * 2nd target zone is Ext 38.2% to Ext 50% being 2.37 to 2.52

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

    cheers Lies


    https://hotcopper.com.au/data/attachments/3996/3996189-eb379dbffe7889e048c340b7a7a72c71.jpg

 
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