wilzy123
Founding Member
The Macro I have cited the resources to follow up on if interested..
The charts are done from a trading point of view.. And I know how much people on public forums love traders .
However, if interested these were done from the point of view of long entries and some supply and demand technical analysis points of view..
Some people may benefit from seeing where there are good buying inflection points and when moves are likely to work better..
As is the case, earnings increasing qtr on qtr and year on year from a companies early stages of revenue growth is where the large gains can be made..
In any event, I hope some may find some value in these below charts tracing back from listing as BRN after the Aziana Takeover..
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No text here. However highlighting that moves of over 50% retracements from a peak often mean lower prices are coming.
Three big waves down over 2 years and notice how it really flattens into Q1 2020
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Correction**silicon on chip
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**Fractal meaning to me is that short term time frame under 4-5 weeks where the price forms a descending wedge type of shape
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**RHS “Right hand side” basically meaning consolidation.
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**V moves or spike up moves which often fail unless they come after a constructive base..
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Hope you can read the print here. There’s a lot of valuable information in this chart. Namely trendline with the use of the 20EMA moving average as a reliable inflection point.
Then the chart breaks out of its 1yr base, or two if you count from the Sep 2020 move.. I kind of feel that this eventual move to $2.30+ would have held if BRN was at royalty revenue stage which is what makes the next big move all the more important
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This takes us to the present. We have signs of price flattening out and volume retraction again. The move from late November to present is the first sign for a turn back up, which is a low base fractal. Now we want to see it push above its 20EMA.. We know the buying and selling is reacting to quarterly and half year reports.. The chart is telling me we may get some sort of a move shortly in anticipation of more licensing agreements or news relating to tape outs and or progress toward revenue increases.. I would expect a price rise before it is in the news and reports.. As per those trend lines if the price is under those 20EMAs (blue line), then I draw another trend-line and start again..
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We have nearly 12 months of consolidation here.. It took 14-15 months to get some decent moves previously pre earnings, so any moves like we had into Sep 2020 and Jan 2022 are a chance to push a lot higher with what we hope is increasing earnings assisting…
Something to absorb for those who are interested in buying inflections and or timing factors..
If only any of that had any relevance to company progress.... if only...