BRN Discussion Ongoing

[M_C]

48% of todays trades are sub-$600

Bot anyone?

 

[Fact Finder]

48% of todays trades are sub-$600

Bot anyone?

Could be junior Barristers who get paid $600 per hour for chamber work buying as they open their mail.

Opens letter. Wacko another $600. Opens Commsec throws on the order.

Opens letter. Wacko another $600. Opens Commsec…..

 

[FJ-215]

I'm a novice when it comes charts. I get the basics. If I was trying to explain resistance and support to someone I would show the BRNs' current chart.

Might need some news to push through 78 cents.

Then again,

If we ask @Fullmoonfever really, really nicely we might get an opinion that's worth listening to.

 

[wilzy123]

48% of todays trades are sub-$600

Bot anyone?

Also, take a look at this optimistic tiger on the buy side.

 

[robsmark]

Yeah. I also dislike the drug dealers model used when they start you off on a free trial period, providing you give them access to a form of payment, and then just start charging. Must make a lot of dough from people and organisations who don't monitor their outgoings closely. Apple just lost my subscription to Apple + after increasing from 7.99 to 9.99 per month.
I know it's only $2 but f#ck 'em I say.
Was dubious value at $8.
25% increase is a bridge too far for this little black duck!

As an extremely petty man myself, I applaud you.

 

[Fact Finder]

Also, take a look at this optimistic tiger on the buy side.

View attachment 22905

I recon I should put on a buy for 500,700 at 0.02 and blow them out of the water.

 

[Fact Finder]

Waiting for some furniture glue to go off and thought I would have a look at the Brainchip website and this popped up at the top right and I opened it to find the following. It is very interesting given the new security measures over in Perth. An anonymous platform to report a co-worker you think might not be living up to Brainchip's high ethical standards. Maybe every company is now doing this but this is the first time I have come across it in this fashion:

EthicsPoint - BrainChip

secure.ethicspoint.com

Could a ground breaking first in the world science fiction technology company working with NASA, ISL and the US Airforce Research Centre actually have any secret technology requiring all these new fangled systems???? Its not like they could come up with Artificial General Intelligence using a revolutionary cortical column based neural technology beyond science fiction or a way to track hypersonic missiles and bombers in real time I mean as the learned WANCA said if it really worked they would not be on the ASX????

My opinion only DYOR
FF

AKIDA BALLISTA

 

[Tezza]

Can I buy a bot with Akida in it? Might have a crack at shorting

 

[Fact Finder]

Can I buy a bot with Akida in it? Might have a crack at shorting

Could backfire if like in sci-fi novels Peter van der Made has a deep program imbedded in AKIDA requiring it to do no harm to its creator.

Be very careful.

 

[McHale]

Oh no there’s that misused word again.

Noticing a pattern, that you drew, looks like a male appendage, does not make anyone a ‘woman hater’. So where’s the hatred for women, where’s the contempt or prejudice. If people have misinterpreted your free-hand drawing as a male appendage then the blame for being sexist is not on them! And calling that misogynist is going too far.

My original response, worded as carefully as possible, was actually because your picture was offensive to me and I tried to point out, with sarcasm, that it didn’t represent any typical chart pattern.

I do so dislike it when words such as misogyny and racist get thrown around with contempt of their true meaning. It only diminishes the times when those words are used correctly.

I still have a blank avatar because certain people were complaining about avatars not being true pictures of the person.

The egg shells on which we need to tread are piling up.

View attachment 22879

Another take on miss ogyny, or a song from a fave Brit cult rock blues outfit Groundhogs from the early 70's "I Love Miss Ogyny"


I Love Miss Ogyny - Groundhogs - YouTube

 

[Tezza]

Could backfire if like in sci-fi novels Peter van der Made has a deep program imbedded in AKIDA requiring it to do no harm to its creator.

Be very careful.

Good call ff, however most times the baddies win for a little while and boom novel over. I think I'll stick with the long term.

 

[McHale]

Lots and lots of small to very small transactions today?

Is it just bots trying to maintain interest or shorters trying to flush out retailers to help them out?

Prior to the advent of automated trading bots, 70% of Share Price movement on ASX was brought about by large trading parcels (as you would expect in an open free market); now that we have bots - 70% of Share Price movement is controlled by bots using small to minute trading parcels.

The bots were not big players on Wed and Thurs, however they played a bigger role in todays trading.

 

[cassip]

Mercedes starts a campaign for vehicle safety

Mercedes-Benz Media

Exklusive Einblicke und individuelle Angebote: Erleben Sie mit Mercedes-Benz das Maximum aus digitaler Live-PR. Exclusive insights and individual offers: Experience the maximum of digital live PR with Mercedes-Benz.

group-media.mercedes-benz.com

 

[Foxdog]

It's Friday! ... US/Asia and Europe up .... hoping we finish with another GREEN day (80c)?? to make it four in a row! and get another mention on 9News and another top 5 finish on the ASX200 as we have done the past two days

Have a great day and I will be very much looking forward to catching up with a few fellow Chippers tonight in Perth for a few bevs and no doubt a little chat about what's been happening with our 'Little' game changer.

Have a great weekend .... Cheers

SYMBOL	PRICE	CHANGE	%CHANGE
DJIA	34,194.06	+95.96	+0.28
NASDAQ	11,285.32	+110.91	+0.99
S&P 500	4,027.26	+23.68	+0.59

SYMBOL	PRICE	CHANGE	%CHANGE
*FTSE	7,466.6	+1.36	+0.02
*DAX	14,539.56	+111.97	+0.78
*CAC	6,707.32	+28.23	+0.42
*STOXX600	440.84	+2.02	+0.46
*AEX	722.74	+1.29	+0.18
*BEL 20	3,701.57	+46.25	+1.27
*FTSE MIB	24,730.89	+149.75	+0.61
OMXS30	2,106.75	-3.08	-0.15
*SMI	11,157.56	+63.1	+0.57
HEX	11,027.94	+41.18	+0.37
*PSI20	5,880.12	+9.35	+0.16
OMXC 25	1,677.1	+18.59	+1.12

Ok so a typical Friday SP retrace. Nevermind I shall shelve the celebratory Heineken Asahi candle combo as the reversal is yet to be confirmed. Instead I will partake in a quiet Panhead or several and not lament but quietly contemplate the exciting future that awaits all of us stoic holders. Happy weekend Chippers

 

[cassip]

Have not seen this site before, maybe interesting to read. Nvidia and Bosch are mentioned as partners

Artificial Intelligence | Mercedes-Benz Group

group.mercedes-benz.com

 

[Rise from the ashes]

Oh no there’s that misused word again.

Noticing a pattern, that you drew, looks like a male appendage, does not make anyone a ‘woman hater’. So where’s the hatred for women, where’s the contempt or prejudice. If people have misinterpreted your free-hand drawing as a male appendage then the blame for being sexist is not on them! And calling that misogynist is going too far.

My original response, worded as carefully as possible, was actually because your picture was offensive to me and I tried to point out, with sarcasm, that it didn’t represent any typical chart pattern.

I do so dislike it when words such as misogyny and racist get thrown around with contempt of their true meaning. It only diminishes the times when those words are used correctly.

I still have a blank avatar because certain people were complaining about avatars not being true pictures of the person.

The egg shells on which we need to tread are piling up.

View attachment 22879

Well I'm half cut

 

[Frank Zappa]

Yeah. I also dislike the drug dealers model used when they start you off on a free trial period, providing you give them access to a form of payment, and then just start charging. Must make a lot of dough from people and organisations who don't monitor their outgoings closely. Apple just lost my subscription to Apple + after increasing from 7.99 to 9.99 per month.
I know it's only $2 but f#ck 'em I say.
Was dubious value at $8.
25% increase is a bridge too far for this little black duck!

I did exactly the same with Netflix . I have no idea who is in charge in deciding these increases but I can only say that there is more happening in the world than being subscribed to an organisation. When they mess with our minds then it is very rare that we return no matter how low they go to try to get us back . The correct attitude is to how to keep us , not how to get more out of us . In the AWFL , Go the DEES on Sunday .

 

[Getupthere]

Volkswagen CEO says fixes coming for infotainment, touch control issues — 7NEWS.com.au

The Volkswagen brand's newly appointed CEO is working to resolve issues with laggy infotainment systems and unintuitive climate controls.

apple.news

The hardware changes will come through from early 2024.

 

[goodvibes]

The Insider’s Guide to Arm Cortex-M Development: Leverage embedded

Did somebody read it already?

Pareena Verma on LinkedIn: #arm #arm #onarm | 38 comments

It has been a great experience writing “The Insider’s Guide to Cortex-M Development” alongside my wonderful co-authors Jason Andrews and Zachary Lasiuk. Such a… | 38 comments on LinkedIn

www.linkedin.com

 

[Fullmoonfever]

I'm a novice when it comes charts. I get the basics. If I was trying to explain resistance and support to someone I would show the BRNs' current chart.

Might need some news to push through 78 cents.

Then again,

If we ask @Fullmoonfever really, really nicely we might get an opinion that's worth listening to.

@FJ-215

Thanks for kind words.

Will try explain a few things below and provide some poss supp / resist visuals you can use as a guide.

@Foxdog

Love the Heineken Asahi word play

Though, the HA candles are still ok so far.

As simple as I can explain.

The HA candles use a diff calculation and are based over 2 candles (averages) & filters a lot of noise so smoother for trend / reversals.

Long body, long upper wick more bullish. Bulls pushing it up.
Long body, long lower wick more bearish. Bears pushing down.
Shorter bodies with top & bottom wicks poss pause, indecision as bulls / bears fight (bit of equilibrium). Watch for change.

So, currently, the recent HA candles are stronger bullish though wicks a little short as we hit into a poss resist area.

Would like to clear this zone but do need watch for any candle body shortening or doji around this level next week if we can't.

Anyway, I use a number of diff charts / indicators as there are certain one I favour more but can't all on one chart so I look for correlations between various indicators / supp & resist levels as most indicators have slightly diff formulas, data sources etc and finding correlations between them provides me a little more confidence on what I'm looking at.

I get they can appear a bit busy, complex or confusing and if any questions, just ask. If looking at lower indicators, look at their movement then vertically above to the what the SP / Bar did...they are related obviously.

I can always just strip one back to only show a couple maybe key thoughts based on what I've already looked at on the other charts.

Charting & Fundamentals go hand & hand imo.

Charting imo is essentially a visual representation of how the mkt (buyers / sellers) react at certain levels, with certain news flow, released or perceived / known as coming. Explosive moves (like Merc) obviously happen when unexpected...good or bad.

A lot of people try to think it is forward looking crystal ball dark magic stuff haha...but basically to look at a chart....LOOK LEFT then RIGHT.

It is not an exact science as it is dealing with human emotions (other the effing bots) and other variables, like Mkt Makers painting the tape etc.

Human nature being what it is, if you can identify certain moves or reactions left then can start to draw some probabilities for current / future situations.

So, a few charts D & a Wkly (couple posted prev) and I've tried to provide some basic info on the indicators and if you look at all then you can start to see certain levels / areas across all.

Higher 70's / 80 as pointed out the other day, around 90 next up etc.

Remembering supply vol comes from sellers & buyers either need hold a level & absorb then move up or if the smart money are in, then they may be able to assist push through supply.

Simplest charting to learn & is worthwhile imo is supp / resist, trendlines, moving averages (common) & maybe some basic patterns like channels, flags / pennants & triangles. General rule is prev support can become future resist & vice versa.

Good w/end all.