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27.8¢ brainchip holdings ltd

It's true, indicators aren't always accurate but this is what...

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jogo90

807 Posts.

158

20/01/22

18:30

Post #: 59020026
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Originally posted by RHanneman: ↑

Yep, I'm just pointing out that the "indicators" you are pointing out as bearish have been very wrong very consistently in the past. The fact that the RSI is this high doesn't tell you anything more than just looking at the chart does. RSI can be high and stay very high for a long time in face ripping runs like this one. It is just a silly way to make something simple look more complex than it really is, taking a ratio of the average gain on green days and the average loss on red days and then mapping that quantity into a finite interval from (0,100).

RSI = 100 - 100 / (1 + (average gain over n periods + current period gain ) / ( average gain over a n periods + current period loss ) )

You don't need RSI to tell you that the average gains recently have been a lot more than the average losses.

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It's true, indicators aren't always accurate but this is what they're telling me. Let's see what happens. Best of luck my friend.

BRN Price at posting: $1.99 Sentiment: None Disclosure: Not Held
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(20min delay)
Last 27.8¢		Change 0.008(2.78%)		Mkt cap ! $519.6M

Open	High	Low	Value	Volume
27.5¢	28.5¢	27.3¢	$2.625M	9.393M

Buyers (Bids)

No.	Vol.	Price($)
26	945659	27.5¢

Sellers (Offers)

Price($)	Vol.	No.
28.0¢	951895	17

View Market Depth

No.	Vol.	Price($)
26	945666	0.275
28	1440891	0.270
18	698219	0.265
16	615675	0.260
22	737146	0.255

Price($)	Vol.	No.
0.280	928354	16
0.285	860819	34
0.290	1191212	38
0.295	1075768	27
0.300	1947416	42

Last trade - 14.51pm 27/05/2024 (20 minute delay)


Last 27.5¢			Change 0.008 ( 1.74 %)
Open	High		Low	Volume
27.5¢	28.5¢		27.5¢	5192817
Last updated 14.57pm 27/05/2024 ?

BRN (ASX) Chart