Chart, page-19993

HI LDL,
Been O/Seas so not much chance to look at charts etc. Although made a few posts.
The March quarterly saw 3 quarters of cash left. It also disclosed that the LDA cash would not be reflected until the next quarter (June Quarter).
So effectively 5 quarters of cash left from the 31st March'23. Should see BRN to year end before thinking about another LDA call.
As expected the largest costs are R & D and staff (given the sales and marketing push).
" The Company ended the March 2023 Quarter with US$17.7M in cash compared to US$23.1M in the prior quarter. It should be noted that the A$12.2M cash received from LDA Capital will be reflected in the Appendix 4C for the next quarter "
I just do very basic chart 'reading'. Mostly price action.
Today we see another 'old timers' 3 bar buy signal'. These sometimes occur during a bullish weekly set up signaling the completion of a short term daily dip/pullback. Wait and see.
Yesterday saw a lower low and today saw a close higher than yesterday's high.
See chart attached.
I noticed the hourly chart from yesterday featured a bullish divergence on the hourly Chaiken Oscillator. Perhaps it was noticed and bought?
Anyway i am not sure where this will take us. It could fall over. But its ok while the bullish set up is in place.
Articles like the Forbes Article posted by gwood888 certainly will get market participants interested and encourage holders to top up.
Its wait and see.
Brainchip Extends AI, Machine Learning In Space And Time With Bio-Inspired Neural Networks (forbes.com)