BRN 10.2% 27.0¢ brainchip holdings ltd

Couple chart updates to prev ones with some notes in blue plus a...

  1. 6,165 Posts.
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    Couple chart updates to prev ones with some notes in blue plus a stripped back chart that has similarities to Wyckoffs thinking.

    Previous HERE and HERE

    Seeing some buyers stepping up but being hit by supply. Needs some bigger buying to overcome bears & drive SP further and / or a helping FA hand with unexpected positive ANN so pricing not built into current SP. A bearish chart is not always entirely reflective of a companies overall potential...just where the mkt sees it in the current environment & business cycle.

    Part of the reason still on the side line watching but giving me time to research, read some very informative posts and decide where I feel an entry point would be for me.

    As we know, Wyckoffs 3 simple observations - effort & result, cause & effect, demand & supply come into play and have pasted some info end of post.

    Liking the story, tech, inroads to commercialisation & partnerships, but jury out on chart just now. As a previous noted scenario, seeing some ranging but as other posters pointed out, a poss descending triangle pattern. Obviously would need to complete to confirm or fail but worth noting.

    https://hotcopper.com.au/data/attachments/4035/4035327-9605979ab80b3d8281dc1d8b04761b40.jpg


    https://hotcopper.com.au/data/attachments/4035/4035330-02b1cc3ea5f37cacfa9357cfba0c2151.jpg


    https://hotcopper.com.au/data/attachments/4035/4035333-123f73ead7dd0abe0b59453b8a1a3f69.jpg


    https://hotcopper.com.au/data/attachments/4035/4035336-c05abddc23e7eb0300721c473547def2.jpg


    https://hotcopper.com.au/data/attachments/4035/4035338-6acc974932e2f0792442e04e78fee604.jpg

 
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