Can’t find to many positive posts out of you nearly 500, but then again I have been proven wrong when I decided to support my beloved west ham so many years ago.
Can’t find to many positive posts out of you nearly 500, but then again I have been proven wrong when I decided to support my beloved west ham so many years ago.
Actually would you care for me to pick a few random posts of yours?
Beisha- nice to see you here and thanks for sharing some of your charting knowledge! Keep it coming please… gotta have something to talk about since the news is somewhat dry as of right now.Hi All
The more DYOR i do on BRN , the more impressed i get, it appears there is ooooodles of markets in which Akida systems can do their magic and I didnt know that BRN is the worlds first neuromorphic IP producer.........tick.
Centres of engineering , USA, Australia, France and India............tick
15yrs of Architecture Al research.........tick
Here is a chart update.
View attachment 10421
In my last post , i mentioned that 96 resistance needed to break to confirm a swing, well if i bothered to check the hourly chart, then i would have realised it had no chance considering it was in the middle of an ABC correction....RSI 14 was rather high too, peaking at 70, which most hourly charts do in my experience,
Anyway, SP currently has hit the 61 fib ( 84 ) level, a common reversal for sub wave 2 down and there is also good support there too, support also at 82 and 78 fib ( 80.81 ) , so minimal downside, but i wouldnt want to see it get much lower than that other wise this little run could get bearish.
I am looking for that RSI 14 to get above 38 and the 5ema to flatten out, before i take an entry.
View attachment 10426
Of course, everything relies on the DOW behaving itself, 38 fib retraces for sub wave 4 down are common and also good reversal zones but could also drop lower to the height of wave 1 up or a tad lower, 61 fib ( 30517 ) , where good support lies, failure to hold there , well, as Mr T would say............more
View attachment 10429
imo
I am a newbie when it comes to BRN threads, so i dont have a feel for certain posters nuances yet, but from our limited conversation so far, i get the feeling you need to grow some maturity pills..........Actually would you care for me to pick a few random posts of yours?
" if you havnt already, take a look at brainchips youtube channel "Beisha- nice to see you here and thanks for sharing some of your charting knowledge! Keep it coming please… gotta have something to talk about since the news is somewhat dry as of right now.
Glad to hear you are diving into the world of Brainchip and the applications of Akida! If you haven’t already, take a look at brainchips YouTube channel for industry chats and brainchip specific applications!!! All the best
" if you havnt already, take a look at brainchips youtube channel "
Thanks for that advice, have already delved into it, i read an article from " NANALYZE " which bad mouthed BRN essentially for not achieving much in the way of sales, all talk no action so to speak , but then i watched another video from " ASX INVESTOR " who actually made alot of sense, BRN is a disruptive technology, takes time to get the word around , takes time to achieve strategic investment, i liked his analogy of BRN to a mining cycle
View attachment 10477
BRN is in the ORHAN period.
Patience is key.
imo
BRN aint an orphan, every stock has taken a beating in every sector, even gold and related miners like EVN have got the treatment with global interest rate hikes providing a stronger dollar.Geez SP really shit the bed this afternoon...
Top postBRN aint an orphan, every stock has taken a beating in every sector, even gold and related miners like EVN have got the treatment with global interest rate hikes providing a stronger dollar.
But the good news,
View attachment 10600
BRN looks to have found some support at the 78 fib ( 80.8 ) on the hourly chart and RSI 14 has come off the low, 5 ema rising ( pink line ) and converging with the 20sma ( red line ), so looking a bit more positive.
View attachment 10601
DOW had a positive Friday night and looks to have found support at the 61 fib ( 30517 ) support line, too early to tell yet, but could sub wave 5 up be on the way now ?
It would give every stock a boost in sentiment, including BRN.
View attachment 10603
Considering BRN is a tech stock, i would imagine that a bullish NASDAQ macro would help the sentiment too, has it found the bottom at 10535 ?
Time will tell
Overall, green flags starting to appear.
@Rocket577 , is this post a bit more positive for you ?......
View attachment 10604
Personally, i would be holding off on the champers until BRN breaks the 50 /61 fib ( 84/86 ) resistance lines , then i would confident of sub wave 3 up is on its way and the low of 80 is concrete.........but hey,
View attachment 10605
Baby steps in the right direction is just fine for now.
imo
Thanks for your post, the quarterly will be an interesting one regards to revenue, no one should really have high expectations at this stage, i mean, Akida Al processor development kits for coys to trial, only took place in late October 2021 and the appointment of Sean Hehir ( CEO ) only took place in mid November 2021, as impressive is his CV, he really only had a few months to get the feelers out if you take into account the festive season ( DEC / JAN ), so if they report some sales, then that would be impressive IMOhi BEISHA , Interesting chart thanks for sharing.
30th June Quarterly due towards end July,
General consensus is not to expect much revenue yet,
but I'm hopeful of some degree of increase .
There are plenty of catalysts gurgling away as consistently being discussed on that BRN thread.
Cheers.
In fairness, Weigan said 6 months ago (BRN was $2 +/-) that BRN would be 70c middle of the year based on the S&P500 chart and was universally ridiculed for it (myself included) and looks like he was pretty much right.Thanks for your post, the quarterly will be an interesting one regards to revenue, no one should really have high expectations at this stage, i mean, Akida Al processor development kits for coys to trial, only took place in late October 2021 and the appointment of Sean Hehir ( CEO ) only took place in mid November 2021, as impressive is his CV, he really only had a few months to get the feelers out if you take into account the festive season ( DEC / JAN ), so if they report some sales, then that would be impressive IMO
I am self employed, been in multiple businesses over the journey, things dont happen over night i can tell you, it takes years, that said BRN technology is next level and considering that the price of energy / electricity is astronomical in this high inflation world currently, I wouldnt be surprised if earnings has started to tick thru, just depends on how long coy do their DD.
On to the charts.
View attachment 10992
In my last post, i suggested that the current run for BRN had come to an end and the 50/61 fib support targets would come into play, well, thats how it has played out with SP currently hitting the 50 fib, just a matter now if it decides to go one step further down the rung, which is two pips worth, so minimal down risk imo.
I have my SMSF ready to go finally , so i am ready to press the BUY trigger and commence my investment journey with BRN very soon, i have done enuff FA, the tech is next level, its energy efficient which complies with the ESG Paris Accord 2050, it has endless market opportunities and the BOD led by Sean Hehir is awesome, so whats not to like here apart from evidence of sales , which will take time ?
On top of all that, MACRO looks stable, with a tinge of bull.
View attachment 10993
DOW chart, yellow arrow pointing to 5ema cross 20sma, with the 30/50 ema flattening out, RSI 14 primed to get above 50, where the real surge starts.
View attachment 10995
NASDAQ looks a carbon copy of the DOW, 5 ema cross 20sma, converging with 30ema.
RSI 14 above 50
View attachment 10998
ALL ORDINARIES...............ditto DOW / NASDAQ...........not surprising given the ASX follows like a lost puppy.
The S&P 500 ditto too, isnt that WEGIAN on HC an absolute flog ?
View attachment 11001
imo
I have followed Weigan footsteps for a while now, he has made alot more poor calls than good ones i can assure you, over a number of stocks.......he is a loose unit and a dangerous one at that.In fairness, Weigan said 6 months ago (BRN was $2 +/-) that BRN would be 70c middle of the year based on the S&P500 chart and was universally ridiculed for it (myself included) and looks like he was pretty much right.
Last I saw of “Beisha” you were on the CRO forum with your own charting thread exclaiming “Beisha is back baby!” with a bullish sentiment at 9-10c, a few days later it dumped hard and now it’s at 1c so…
A few months ago I decided to stop ignoring all the “downrmapers” (alternate views) and have been selling small parcels on the way down after not selling a share for 4+ years. Thankfully I did as I’m in now the position to buy back in at the bottom and close to double my initial holding because of it which is great because I’m with BRN for the long haul.
One thing I’ve learned the hard way is anything someone randomly posts bullish charts it’s likely bullshit.
Hi AllHi All
View attachment 11183
Unfortunately, what looked to be a promising move ( blue bubble ) ended up being a dead cat bounce, currently SP back to a double bottom 80.50, really hoping this is a accumulation phase, cause if this level doesnt hold, then 70 / 61 support levels comes to play.
The weekly RSI 14 has dropped below 50 which is not ideal.
Continued weakness with the DOW is putting pressure on just about every stock on my watch list , tonight will be revealing as CPI and inflation numbers will be crunched, if inflation doesnt show any weakness and is still rising, then there is a big chance that another .75% interest rate hike may be applied, of course that may be tempered if the CPI takes a dive.
Fine line between controlling inflation without hitting it with a blunt stick and going into recession, thats where the markets are at.
Wait and see approach ATM.
imo
Hi All
View attachment 11570
Following on from my previous post, blue bubble showing good signs of accumulation with all the emas flattening out and a triple bottom 79.79 formation playing out, suggesting that BRN SP may have found a bottom.
RSI 14 looks to have found support at over sold 29 and now the trend is up.
For a change of trend to be confirmed, an initial break of the 61 fib resistance at (91.34 ) needs to enact, followed by breaking the $1 resistance there after.
MACRO WISE.
View attachment 11572
DOW CHART
ABC correction minor sub wave 4 down looks complete, with a very good set of data results Friday night giving it a nice boost of 600pts up, so hopefully minor sub wave 5 up follows from there .
As you can see, all EMAs are flattening out nicely, including the RSI 14 indicator
Encouraging signs.
View attachment 11573
NASDAQ CHART
Is that yellow arrow pointing to the development of minor sub wave 3 up, with a target of ( 12598 ) ?
Once again, EMAs flattening out, with the RSI 14 looking primed to break that 50 line.
Encouraging signs of a trend change.
CONCLUSION.
MACRO forces short term wise look stable to slight bull, which should give BRN more wind in it sails starting next week.
My fingers are getting itchy to press the BUY button in my new SMSF SUPER FUND accordingly.
imo
Going to be really interesting to see if my analysis stands up to a super dooper MACRO last night.View attachment 11834
BRN has had a great run from 80 - $1, but in doing that, has completed 5 minor waves to complete sub wave 1 up, which means ABC correction sub wave 2 down follows next, assuming of course my wave count is on the money.....
A few red flags to support my theory that a down trend is imminent according to the hourly chart
a) Top red arrow pointing to a wick , demonstrating a struggle to get past the strong resistance at $1
b) 5 ema looking like its about to bend over
c) RSI 14 hit the over bought level at 86 ( anything over 70 is over bought ), it achieved that same level back on the 6/7/22 and you can see what happened there.
d) The diagonal red line that aligns with the peak of SP is displaying lower highs.
Wave 2 downs normally attracts the 50/61 fib ( 90 /88 ), there after, sub wave 3 up follows which should eclipse the previous high of 101.71 by a fair way, in Elliott wave terms, this is the longest and strongest of the 5 wave movement, so this is useful to know with the upcoming quarterly and not one to be sitting on the sidelines.
Unfortunately i have missed this current run up ( shit happens ), but i will be watching carefully for when sub wave 2 down completes, then I will be in like flyn.
imo