bambam as you can see this was our chart from last week... below... it tells you lots of things as it would take me quite a few hours to put together but just as a small summary here it is, unfortunately, I need to go out again today, it is all in my head & that what really matters to me as far as I am concerned ...
bambam sorry that I haven't got back to you yesterday, but I went to Brisi for the day, as you can see we have been forming a bullish pattern for the last week & it seems that we are in its early stages of some of these patterns, I can see some good things can happen from these patterns, as one of the three will form over the next two weeks...IMO
......as far as the candlesticks patterns, we had the Hammer form on the bottom where things where being consolidated for the past four days, as now the accumulation was now completed, were the Insto's just let it go as it was coming closer to that ASX 300 listing date, as you can see even that the Insto's didn't want to go below that support known as an unknown soldier support line, ....this was my indicator that things were going to reverse to the upside very quickly.........even they didn't have the stupidity to push it down further....
...as we are having a bullish candle pattern every day for the past week with some nice pullback within the candlestick it means that there was a bit of tree shaking going on within that day's trading, what I can see we have formed three white soldiers midway in the trading, a very bullish pattern for those that are not aware,.... as what I can see that we are doing the same in the all over the next formation no point in guessing what that will turn out like ..... but I will have a guess anyway.... I see Monday as being the same as another green day, not so much in the up movement but more in consolidation as some will be very cautious on there buying but at the end of the day we will be in green & testing that 68c during the course of the day
...some have this opinion that this will be Volatile in the next week or two & that some people need to take caution when buying I do agree & disagree as that some need to look if they are buying for the long period & if that is the case then IMO then buy, but if you are thinking of trading BRN tomorrow I would suggest that you opt-out as it will only be consolidating for the next leg up ....
.......& I don't mean ........our own in house
@unknownsoldier
any way you could write a book on BRN just on the dos & don't's as some have already have written a nice chapter about the founder of our beloved Peter Van der Made .....
The Brainchip Story Collated by Fact Finder Dec 2020
https://hotcopper.com.au/attachments/the-brainchip-story-pdf.2770877/
https://www.adigitalblogger.com/chart-patterns/three-white-soldiers/
Below is a chart that shows you that the MONEY FLOW indicator shows that the Money is pouring into BRN,
RSI indicates that there is no let down where it's going
MACD has crossed & it is climbing & is expending as the correction is on its way, & not as some think that it will be shorted as I don't believe that is the case
Bollinger bands are saying the same thing that things will go higher...
......unless someone comes along & puts 2 X 21696771 orders on the sell-side
the other thing is that the shares are very scarce now as you can see, as the weekend has come upon us the Instos have pulled all of the buy orders for the weekend but when the do that the remove all the sell orders as well so you get a much clear picture who is actually selling & in this case you can see that it is not so much as retail investors like MA & PA, but only Insto's manipulation, so as I said Monday will be very interesting where we have a limited amount of shares for sale, L&D has mentioned caution in his post previously & today as well, but I think it will be in more as a positive thing from now on where we are on a verge of some sort of ANN at any time & no-one is willing to part with their shares yet when it can go much higher on news as the sell-side is very thin IMO.
...... the other thing is that all the indicators are indicating to buy & that it is moving 100% in the right direction I would say that all the ones that are thinking of selling you must have some silly thoughts going through your heads as I see this going much higher below is the Bar chart so make your own decision whether you want to be part of this story where Brainchip will be as big as some of the big names now around
https://www.barchart.com/stocks/quotes/BRN.AX/opinion
......... AS THIS IS HOW I FEEL AT THE MOMENT
.,....here Enjoy some good music ....
(20min delay)