I think contributions and narratives from FF on communicating the Edge AI ecosystem with the BRN focus is fine and exciting.. I always marry it up with other things to have a balanced view..
On Mercedes, what’s probably on all your lips and be interesting to know is with the Level 3 Automation, is where and when BRNs IP inflection has commenced?
I’d assume that Mercedes first mover status will deny us this knowledge until after the revenue fact..
However IMO from a market valuation shareprice point of view BRN is at an inflection now.. I think that 70c+ level is important to hold over the next week and a push above 90c over the coming month is pivotal.. But as always watching the 20EMA on the daily timeframe is as good a guide as you’ll get for the prevailing trend..
Semiconductors are also showing signs of life again, and the market indices are at their crossroads where we need to start seeing some higher highs to confirm a change in trend.
Late in the week, the strong US jobs data initially caused fear of further hikes was negated a day later with with weak Economic non-Manufacturing data. So with CPI numbers due this week in the US, the outcome will be pivotal to the market direction.
US rates, the dollar, and precious metals are pointing to the fact that CPI will be slowing and thus the market would push higher.
BRN the most fascinating, exciting, yet frustrating stock..
@Steve10 some great Macro indicators there as well.. US Homebuilders showing signs of strength since October also.. Good sign there for markets also..