Good luck with that.
A Doji candle on the daily followed by two solid red candles on significant volume is something they teach you in trading 101.
It's also worth noting that the current daily chart is setup almost identically to the pump and dump from September 2020.
Peak RSI September 2020: 94.65%
Peak RSI January 2020: 94.77%Uncannily similar.
Sure there are more fundamentals to the company now than September 2020 (it now owns some tested chips), but it's still the same broader narrative - lots of hopes, lots of long time posters getting as many posts per day as possible, and still an immaterial amount of revenue.
September 2020:
January 2022:
Chart, page-16097
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $309.0M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.8¢ | 15.5¢ | $52.93K | 341.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 1325385 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 1289091 | 37 |
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| Last trade - 11.04am 09/09/2024 (20 minute delay) ? |
| BRN (ASX) Chart |