Simple price action is all you need... if the share price can't...

Simple price action is all you need... if the share price can't rise above, and hold above ~$0.63c (give or take a few points), it is guaranteed to drop further and make new lows. Let's see if this announcement was a catalyst to keep the price up, or enough to create a new level of support. Next couple of weeks will be telling.

All the signs are there that Brainchip have a product that is the future - there's no doubting that, with the progress they've made as they're officially 'on the map' and playing in the big leagues. Substantial revenue can take years to eventuate, that's also a given. But in the meantime it would be completely fair if the price did end up venturing lower as people become impatient. I'll have my finger ready on the sell button if it does get closer to my original buy in price from circa 7 years ago, albeit I've been free carrying. But will definitely keep a close eye to get in lower once the business progresses a little further along, and should the share price drop further. I always said this was a 10 year hold from the beginning. It's disappointing we're at the make or break now to hold above the $0.50's and $0.60's. No doubt though this is a multi-billion dollar stock, it's just the when.

Hoping they can get more significant announcements out as it definitely gives people more confidence, however on the other hand it can give the traders ammo to pump and sell on news. Tricky game.

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IMO, DYOR.