BRN 0.00% 20.0¢ brainchip holdings ltd

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  1. 4,176 Posts.
    lightbulb Created with Sketch. 954
    FYI close still looks constructive at this stage.

    At worst would wont to see another minor lower low then track up again. But it's getting much needed consolidation today.

    https://hotcopper.com.au/data/attachments/4006/4006417-27e0679f7d1abee962675c5d588eaa4f.jpg

    Ok so 'IF' above is too optimistic for this run we could see it come back to around $1.65 range. If that were to happen I would expect some more time to be chewed up to get us there.

    Post that phase of consolidation though we could be looking at the wave5/wave3 and that brings $3.20's into play. And to anchor this expectation that would mean the MC would be around $5.3bn. So it's not wildly unrealistic.

    https://hotcopper.com.au/data/attachments/4006/4006432-9865dfb250f59325a78e22820c5720f7.jpg

    Basically for those holding, add where you can and just hold.

    MK.



 
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