Rise from the ashes
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Awesome post, thanks for spending the time. It's refreshing to see your balanced view on technical and fundamental investing - so often people espouse one or the other but I agree they go hand in hand. Keep posting the charts with commentary if you have the time, it all helps to build a solid picture of what the market and BRN is doing. Cheers@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 R.
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.
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Here’s to 2023 being OUR year!
@robsmark was Tony super excited for the company and its progress?Cracking night catching up with the Perth Brainchip crew at the Hilton. Thanks to @Earlyrelease for organising it, much appreciated, thanks to Tony Dawes for taking to time to come and meet with us all, and it was great to (re)meet everyone else.
This really is a great little company with massive potential, and I look forward to watching it grow with the fellow investors who I’ve met through this forum (thanks to @zeeb0t). Here’s to 2023 being OUR year!
Tony is an astute gentlemen and a true professional. We talked about what had already been announced and I asked him as a retail investor in the company himself, was he excited about where we are heading, to which he responded yes. I like to think I’m a fairly good judge of character and he seemed very genuine in his response.@robsmark was Tony super excited for the company and its progress?
Hi Real, great deal, just to clarify, does this include an open bar‘There’s always next year’
Spare a thought for St Kilda supporters. Their club was founded in 1873, and in the 149 years since, they’ve only won a single flag, and that by the barest of margins (Barry Breen you beauty). Fifty six years have now passed since that heroic last Saturday in September 1966. But for unpredictable bounces of the ball late in Grand Finals, they could have won in 2009 and 2010. The agonizing pain of defeat continues, but as lack of success follows lack of success…proud and defiant Saints supporters say there’s always next year.
Of late I’ve noticed an increasing number of posts critical of our Battler, and questioning a whole raft of issues. Return fire has quickly followed questioning the author‘s motives. If we are reasonable, I think we can all understand why dissent is inhabiting our forum...some of us are worried.
Those of us who got in early, have been able to assemble our holdings for quite modest investments. Although we can still feel frustration and impatience from a lack of success, spare a thought for those who invested later. No doubt they are also suffering anxiety and fear, because they’re in the red…some pretty deeply. Let’s use a bit of empathy and show a little kindness in the debates.
Certainly I would like to see things moving faster, but as some would know, I’m a true believer. In the next twelve months, our Battler will be riding high, giddy with success, dissent will be absent, and we’ll all be happy little Vegemites. If our share price is not at least $5.00 by this time next year, I’ll shout everyone here lunch at The Briars…Fact knows where this is.
Just like Sainters say…there’s always next year !!
Realinfo, you can say all of that again, obviously because I'm a holder in both these entities, and a believer in always that things will turn around eventually, for both. There's one of these entities though that, is my favourite to succeed, next year, have a guess at which one I'm talking about, and it ain't the tri colored one. However, I've never lost hope in any. Next year is the year, for one or both IMO, just because I'm always a believer in things I believe in.‘There’s always next year’
Spare a thought for St Kilda supporters. Their club was founded in 1873, and in the 149 years since, they’ve only won a single flag, and that by the barest of margins (Barry Breen you beauty). Fifty six years have now passed since that heroic last Saturday in September 1966. But for unpredictable bounces of the ball late in Grand Finals, they could have won in 2009 and 2010. The agonizing pain of defeat continues, but as lack of success follows lack of success…proud and defiant Saints supporters say there’s always next year.
Of late I’ve noticed an increasing number of posts critical of our Battler, and questioning a whole raft of issues. Return fire has quickly followed questioning the author‘s motives. If we are reasonable, I think we can all understand why dissent is inhabiting our forum...some of us are worried.
Those of us who got in early, have been able to assemble our holdings for quite modest investments. Although we can still feel frustration and impatience from a lack of success, spare a thought for those who invested later. No doubt they are also suffering anxiety and fear, because they’re in the red…some pretty deeply. Let’s use a bit of empathy and show a little kindness in the debates.
Certainly I would like to see things moving faster, but as some would know, I’m a true believer. In the next twelve months, our Battler will be riding high, giddy with success, dissent will be absent, and we’ll all be happy little Vegemites. If our share price is not at least $5.00 by this time next year, I’ll shout everyone here lunch at The Briars…Fact knows where this is.
Just like Sainters say…there’s always next year !!
Hi @Realinfo‘There’s always next year’
Spare a thought for St Kilda supporters. Their club was founded in 1873, and in the 149 years since, they’ve only won a single flag, and that by the barest of margins (Barry Breen you beauty). Fifty six years have now passed since that heroic last Saturday in September 1966. But for unpredictable bounces of the ball late in Grand Finals, they could have won in 2009 and 2010. The agonizing pain of defeat continues, but as lack of success follows lack of success…proud and defiant Saints supporters say there’s always next year.
Of late I’ve noticed an increasing number of posts critical of our Battler, and questioning a whole raft of issues. Return fire has quickly followed questioning the author‘s motives. If we are reasonable, I think we can all understand why dissent is inhabiting our forum...some of us are worried.
Those of us who got in early, have been able to assemble our holdings for quite modest investments. Although we can still feel frustration and impatience from a lack of success, spare a thought for those who invested later. No doubt they are also suffering anxiety and fear, because they’re in the red…some pretty deeply. Let’s use a bit of empathy and show a little kindness in the debates.
Certainly I would like to see things moving faster, but as some would know, I’m a true believer. In the next twelve months, our Battler will be riding high, giddy with success, dissent will be absent, and we’ll all be happy little Vegemites. If our share price is not at least $5.00 by this time next year, I’ll shout everyone here lunch at The Briars…Fact knows where this is.
Just like Sainters say…there’s always next year !!