Technical Analysis

[buena suerte :-)]

Anyone seen our resident "rocket man" morning @wilzy123

 

[BEISHA]

Going to be really interesting to see if my analysis stands up to a super dooper MACRO last night.

DOW up 750pts and the NASDAQ up 330pts...........

The earnings data didnt disappoint.

imo

Mr Market pulled my pants down today..............

Isnt it amazing what a bit of positive sentiment does for a stock ?

Or is it FOMO ?

Either way , good volume and GAP up ( red arrow ) today to smash past that strong resistance @$1 and in doing so, broke the symmetrical triangle pattern too. .......didnt see that coming.

Has it got any more juice left ?

a) RSI 14 @ 66 on the daily chart is technically not over bought.......

b) However, SP is miles in front of the upper bollie band.........

c) Got some pretty strong resistance up above ......

HOURLY CHART

a) Triple top 114 ( upper green bubble )

b ) RSI 14 hit over bought 87 which is huge

The law of probability suggests its due for a pullback to challenge the support at $1 ( which was resistance until today ) and close the gap.

But what would i know, you guys be the judge, ........i dont want my pants pulled down again !!


imo

 

[Deleted member 118]

View attachment 11996

Mr Market pulled my pants down today..............

View attachment 11998

Isnt it amazing what a bit of positive sentiment does for a stock ?

Or is it FOMO ?

Either way , good volume and GAP up ( red arrow ) today to smash past that strong resistance @$1 and in doing so, broke the symmetrical triangle pattern too. .......didnt see that coming.

Has it got any more juice left ?

a) RSI 14 @ 66 on the daily chart is technically not over bought.......

b) However, SP is miles in front of the upper bollie band.........

c) Got some pretty strong resistance up above ......

View attachment 11999
HOURLY CHART

a) Triple top 114 ( upper green bubble )

b ) RSI 14 hit over bought 87 which is huge

The law of probability suggests its due for a pullback to challenge the support at $1 ( which was resistance until today ) and close the gap.

But what would i know, you guys be the judge, ........i dont want my pants pulled down again !!


imo

Looks like the Nasdaq could be back in favor with investors and hopefully we will start heading back north in the coming months.

 

[TheDrooben]

View attachment 11996

Mr Market pulled my pants down today..............

View attachment 11998

Isnt it amazing what a bit of positive sentiment does for a stock ?

Or is it FOMO ?

Either way , good volume and GAP up ( red arrow ) today to smash past that strong resistance @$1 and in doing so, broke the symmetrical triangle pattern too. .......didnt see that coming.

Has it got any more juice left ?

a) RSI 14 @ 66 on the daily chart is technically not over bought.......

b) However, SP is miles in front of the upper bollie band.........

c) Got some pretty strong resistance up above ......

View attachment 11999
HOURLY CHART

a) Triple top 114 ( upper green bubble )

b ) RSI 14 hit over bought 87 which is huge

The law of probability suggests its due for a pullback to challenge the support at $1 ( which was resistance until today ) and close the gap.

But what would i know, you guys be the judge, ........i dont want my pants pulled down again !!


imo

That gap at $1.01 is worth watching. Hope it gets filled quickly and new support holds. Then we are looking good

 

[Filobeddo]

Anyone seen our resident "rocket man" morning @wilzy123

Please don’t wear him out, we’ve already churned through a shit load of fuel

 

[Deleted member 118]

That gap at $1.01 is worth watching. Hope it gets filled quickly and new support holds. Then we are looking good

Not all gaps get filled

 

[TheDrooben]

Not all gaps get filled

True but I would say 95% get filled. IMO they tend to be a self-fulfilling prediction as purely TA traders see them and sell down to the gap. I use the gaps as a guide as to where it COULD get back to. 95% FA trader here so hopefully this is a breakaway gap.

 

[Cyw]

Will the $1.01 gap or the $1.90 gap get filled first?

 

[Fullmoonfever]

Just some prev & today chart posts thought would link over here too.

BRN Discussion Ongoing

https://www.youtube.com/channel/UCbK8eZnczzt-gJQyz6LmKHw

thestockexchange.com.au

 

[BEISHA]

Hi All

The week that was.....

DOW WEEKLY CHART

Dow had a positive week..............up nearly 600pts

Looks like good consolidation going on after sub wave 4 down hit the 38 fib support level on the 13/6/22, with this weeks candle ( blue arrow ) producing a mini breakout.

The 5 ema is rising which is a positive, you can also see a double bottom 29 on the RSI 14 indicator and now rising out of the over sold zone which is also a positive.

NASDAQ WEEKLY CHART

A positive week with a 350 Pt gain approx.

Its development is a virtual carbon copy of the DOW, good consolidation / support around the 11000 level. 5 ema rising and RSI 14 consolidating around the oversold 29 level and rising.

Promising signs that the MACRO has seen the lows and developing a reversal .

BRN WEEKLY CHART

Had a near on 30% gain for the week, best performing stock on my watch list by far !!

Bullish engulfing candles are a thing of beauty......

What i really like about this chart is there is very few resistance zones in which to break.

Once 160 resistance is broken, then there is a quick and easy path to the ATH of 2.33, cause there is no resistance holding it back.

Part of the reason i am interested in this stock apart from the technology.

Despite the great run for the week, BRN on the DAILY chart looks topped , with that long red candle appearing which threatened to completely engulf the previous long green candle early on Friday but recovered somewhat.

RSI 14 hit the overbought at 70 and now is bending over.

Dow and Nasdaq finished weaker on Friday night, so i think that will be the catalyst for further weakness for BRN come Monday and confirm the ABC correction wave 2 down.

imo

 

[Doz]

I am not quite sure how anyone can accurately chart Brainchip at the moment . My eyes will be firmly fixed on any accompanying documentation provided near or around the upcoming quarterly . However I do have reasons to believe that the shorts have been forewarned to proceed with caution .

All in my opinion ……

 

[Deleted member 118]

View attachment 12340

I am not quite sure how anyone can accurately chart Brainchip at the moment . My eyes will be firmly fixed on any accompanying documentation provided near or around the upcoming quarterly . However I do have reasons to believe that the shorts have been forewarned to proceed with caution .

All in my opinion ……

Best and most accurate chart ever to date

 

[TheDrooben]

20sma looking to cross 50sma and 100sma soon.......ready for a big run imo

 

[TheDrooben]

Last time this happened was toward the end of Nov last year.......history shows what happened shortly after

 

[TheDrooben]

That gap at $1.01 is worth watching. Hope it gets filled quickly and new support holds. Then we are looking good

Might as well fill that gap at $1.01 now and get it over and done with

 

[Doz]

Best and most accurate chart ever to date

Thanks Rocket , she sure is turning out to be a real beauty . I will let you in on my little charting secret , I have added some factual fundamentals ( refer red notes ) with a dash of possible fundamentals ( refer green note ) . Obviously the green note was based upon the recent knowledge of mass accumulation within a certain holding , however this could also be easily replaced with a new licensing deal , or maybe even both . The company has certainly postponed the expected list for good reason .

Anyway for some reason I can see the above turn of events causing clothing to catch on fire in a massive inferno .

Looking forward to watching this unfold .

Red answers ( RFM & AM )

All in my opinion ……

 

[Deleted member 118]

The company has certainly postponed the expected list for good reason .

Anyway for some reason I can see the above turn of events causing clothing to catch on fire in a massive inferno .

Looking forward to watching this unfold .

Red answers ( RFM & AM )

All in my opinion ……

I’ve been pondering also why the delay. Maybe someone is about to take a position into the company, pushing the share price above the $3 needed for the Nasdaq listing.

 

[dippY22]

Thanks Rocket , she sure is turning out to be a real beauty . I will let you in on my little charting secret , I have added some factual fundamentals ( refer red notes ) with a dash of possible fundamentals ( refer green note ) . Obviously the green note was based upon the recent knowledge of mass accumulation within a certain holding , however this could also be easily replaced with a new licensing deal , or maybe even both . The company has certainly postponed the expected list for good reason .

Anyway for some reason I can see the above turn of events causing clothing to catch on fire in a massive inferno .

Looking forward to watching this unfold .

Red answers ( RFM & AM )

All in my opinion ……

Would you be so kind to update this again soon?

 

[Doz]

Would you be so kind to update this again soon?

Shhhhhh dippY , I have tried my best to conceal the real reason why the company hasn’t released the top 20 at this point . If you have worked it out , just give either my chart from last Sunday or the above supplementary post a like , and whatever you do , don’t inform the shorters .


All in my opinion ……

 

[dippY22]

Shhhhhh dippY , I have tried my best to conceal the real reason why the company hasn’t released the top 20 at this point . If you have worked it out , just give either my chart from last Sunday or the above supplementary post a like , and whatever you do , don’t inform the shorters .


All in my opinion ……

"Like" given, but I have not worked it out. Could you private message me and explain what the heck is being inferred by you and lost on me? It seems too cryptic to me and I don't get it. I suck at escape rooms and scrabble, too, by the way. And I abhore puzzles. Ok,...thanks,
dippY (... for a reason)