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28.5¢ brainchip holdings ltd

have to agree to an extent , that first big green candle needs...

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ozytodd

386 Posts.

56

02/07/22

20:19

Post #: 62337844
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Originally posted by Lies&damnlies: ↑

Hi Folks

Despite recent news the weekly chart is still showing weakness. I am a LTH first in at the single digit level and am confident in the long term future of the company, however I just have read the charts as they are presented.

Three weeks ago the weekly hi-lo candle traded entirely below the 10WMA. A bearish signal. For a number of weeks the 10WMA was flat in its pattern, but now is starting to fall. Bearish. If the 10WMA crosses below the 40WMA in the coming weeks it will add to the bearish signals.

On my chart I show two FIB's a larger one and a smaller one, if we fall below 0.76 then both FIB's seem to be heading towards a target zone that I have put on the chart. A serious announcement could prevent this , however I found many times of the folly of waiting for these can be gut wrenching.

So overall I am short term bearish.

Just the way I deal with the markets so that I am not surprised by what plays out. I am not trading into this decline as I got in way way earlier.

As always DYOR.

cheers Lies

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have to agree to an extent , that first big green candle needs to be squared up before the next run , i to got in at single digits and have taken my initial investment and profit , but I'm long term 5 years minimum so I'm not concerned

BRN Price at posting: 84.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 28.5¢		Change -0.005(1.72%)		Mkt cap ! $526.0M

Open	High	Low	Value	Volume
28.5¢	29.5¢	28.0¢	$1.078M	3.750M

Buyers (Bids)

No.	Vol.	Price($)
24	889027	28.5¢

Sellers (Offers)

Price($)	Vol.	No.
29.0¢	152298	6

View Market Depth

No.	Vol.	Price($)
24	889027	0.285
45	879017	0.280
13	181255	0.275
36	544447	0.270
11	468490	0.265

Price($)	Vol.	No.
0.290	152298	6
0.295	982635	23
0.300	1156479	18
0.305	123954	7
0.310	111746	9

Last trade - 16.10pm 01/05/2024 (20 minute delay)


Last 28.8¢			Change -0.005 ( 0.24 %)
Open	High		Low	Volume
28.5¢	29.0¢		28.5¢	2077203
Last updated 15.59pm 01/05/2024 ?

BRN (ASX) Chart

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