Chart, page-19391

Theres a few trade ideas being thrown around so I thought Id add my own view.
Short term - downward channel completed its 5th leg so looking for breaking channel to the upside with 70 cent target.



Medium term - Option 1 double bottom blue arrows completed. Option 2 a deeper double bottom red arrows back to 59 cents.
Either way have reached or near reached the bottom. Upto the overnight markets to determine this.



Longer term - Zooming out this downtrend line has been broken and is the ticking timebomb of upside potential that will trigger off next solid news.
1st target the ATH of $2.34.


History has shown BRN almost always moves well after a double bottom correction as traders see it as confirmation.
I expect we will start to see some long position trading volume over the coming weeks.
Sorry snips not planting well.
March 2021, October 2021, April 2022, May 2022, Nov 2022 as a few examples of the double bottom effect.


To summarise, double bottom equals


Remember the shorts will close / be forced to close on big news and its difficult to believe there is no big news coming given the partnerships, Akida1500 in tape out which has functionality required by new markets, continued staff hiring, Renesas product release imminent and dare I suggest Prophesee camera nearing market release - being the knowns. Im not including Mercedez on this list as I dont see them as a direct customer, we will just be a small part of something bigger there but something bigger that made an EV achieve a new level of performance. Im not underplaying the use case or relationship by any means as its all placement of validation bricks in the BRN house of first moving advantage.
The closing of 100M shorts will give a nice kick to the news move making the All time high the new base.
Whether it takes weeks or months, holders understand why it is they are here.