buena suerte :-)
BOB Bank of Brainchip
Yes ... the sell side is building constantly this morning... so they are moving in!!
Technical Analysis
- Thread starter Vojnovic
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D
Deleted member 118
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To all you shorters out there.
TheDrooben
Pretty Pretty Pretty Pretty Good
Nice hammer yesterday and tested support around 1.01-1.02. Looking for a green day for a reversal.........anyway back to Covid isolation
A close below .81c makes for a bearish case, a close above $1.27 makes for a bullish case In my opinion.
we could potentially be testing low target range (.81) between now and second week of October, historically September is not a great month for markets globally. I will personally be using the next month to add to my position (been a holder since AZK). If we hold above .81c then I expect November and December to be kind to me!
we could potentially be testing low target range (.81) between now and second week of October, historically September is not a great month for markets globally. I will personally be using the next month to add to my position (been a holder since AZK). If we hold above .81c then I expect November and December to be kind to me!
D
Deleted member 118
Guest
D
Deleted member 118
Guest
I was holding on to buy at 0.99, probably wait a bit longer now
Hi All
Green bubbles indicating that SP might be flattening out...........
According to EW, sub wave 4 down normally starts to turn around the height of sub wave 1 up or slightly under, so we are now at the nexus point so to speak.............good support lies where it currently stands plus the next leg down too, so hopefully a reversal is not far away.........
What complicates this scenario , is that the DOW and the NASDAQ had a horror Friday night..........
That said, i am not sure there is much more pain to come , with good support lying at the 50 / 61 fib, so by the latter part of next week, the wheel may start to turn.........
NASDAQ is virtually a carbon copy of the DOW scenario, with the C wave to complete sub wave 4 down, potentially around the height of sub wave 1 up which also has solid support at 11585 or the next rung down .
So the DOW and NASDAQ have potentially a 1000pt drop to go MAX, but could be half of that...........only MR MARKET will determine.
I will start topping up early next week as BRN is close to OVERSOLD plus has a good support zone underneath.
Just my thoughts
IMO, IMO, IMO
Green bubbles indicating that SP might be flattening out...........
According to EW, sub wave 4 down normally starts to turn around the height of sub wave 1 up or slightly under, so we are now at the nexus point so to speak.............good support lies where it currently stands plus the next leg down too, so hopefully a reversal is not far away.........
What complicates this scenario , is that the DOW and the NASDAQ had a horror Friday night..........
That said, i am not sure there is much more pain to come , with good support lying at the 50 / 61 fib, so by the latter part of next week, the wheel may start to turn.........
NASDAQ is virtually a carbon copy of the DOW scenario, with the C wave to complete sub wave 4 down, potentially around the height of sub wave 1 up which also has solid support at 11585 or the next rung down .
So the DOW and NASDAQ have potentially a 1000pt drop to go MAX, but could be half of that...........only MR MARKET will determine.
I will start topping up early next week as BRN is close to OVERSOLD plus has a good support zone underneath.
Just my thoughts
IMO, IMO, IMO
BEISHA, you conclude with,....Hi All
View attachment 15243
Green bubbles indicating that SP might be flattening out...........
According to EW, sub wave 4 down normally starts to turn around the height of sub wave 1 up or slightly under, so we are now at the nexus point so to speak.............good support lies where it currently stands plus the next leg down too, so hopefully a reversal is not far away.........
What complicates this scenario , is that the DOW and the NASDAQ had a horror Friday night..........
View attachment 15244
That said, i am not sure there is much more pain to come , with good support lying at the 50 / 61 fib, so by the latter part of next week, the wheel may start to turn.........
View attachment 15245
NASDAQ is virtually a carbon copy of the DOW scenario, with the C wave to complete sub wave 4 down, potentially around the height of sub wave 1 up which also has solid support at 11585 or the next rung down .
So the DOW and NASDAQ have potentially a 1000pt drop to go MAX, but could be half of that...........only MR MARKET will determine.
I will start topping up early next week as BRN is close to OVERSOLD plus has a good support zone underneath.
Just my thoughts
IMO, IMO, IMO
"So the DOW and NASDAQ have potentially a 1000pt drop to go MAX, but could be half of that...........only MR MARKET will determine."
If MR. MARKET is another name for Jerome Powell (and the Fed),.....well, then I agree. It's important to remember who was directing Fridays U.S. funeral dirge.
dippY
Ethinvestor
Regular
As Promised guys on Aug 10th when I predicted BRN will fall (A) .. I said my next post will be again when I buy in for 250k (B).. well that happened today. I have a member here who can independently verify it as well (VictorG).. so iam not just talking but walking
I think i bought in a bit early today but iam happy at this price now… as it is 20c cheaper than aug 10th $1.10 ish - which percentage wise will make a huge difference to me when I sell for some extra profits. (This is just a trade account - I do hold BRN long term as well .. just for transparency and disclosure)
I hope this helped some people to hold on with buying on the 10th and taking the opportunity now at lower prices. Have a great week
@Rocket577
I think i bought in a bit early today but iam happy at this price now… as it is 20c cheaper than aug 10th $1.10 ish - which percentage wise will make a huge difference to me when I sell for some extra profits. (This is just a trade account - I do hold BRN long term as well .. just for transparency and disclosure)
I hope this helped some people to hold on with buying on the 10th and taking the opportunity now at lower prices. Have a great week
@Rocket577
Last edited:
Yeah, Powell speech about " doing whatever is necessary " to achieve 2% inflation was certainly the catalyst for that 1000pt drop last Friday night.
What gets me confused, this inflation is caused by artificial means, supply constraint via COVID and the Russia v Ukraine war.
Wouldnt it be more preferable to pay more and sustain what essentially is FULL EMPLOYMENT in the US much like Australia , rather than driving folks to the wall and create a recession ?
Another thing i learnt too, September historically, is the worst performing month of the calendar year for the S& P 500 and the Dow, so interesting times ahead........imo.
Are those green bubbles the pivot for lift off for BRN ?
I spy a TWEEZER BOTTOM pattern......
Needs confirmation via breaking 94/100 resistance levels.
imo
Yeah, Powell speech about " doing whatever is necessary " to achieve 2% inflation was certainly the catalyst for that 1000pt drop last Friday night.
What gets me confused, this inflation is caused by artificial means, supply constraint via COVID and the Russia v Ukraine war.
Wouldnt it be more preferable to pay more and sustain what essentially is FULL EMPLOYMENT in the US much like Australia , rather than driving folks to the wall and create a recession ?
Another thing i learnt too, September historically, is the worst performing month of the calendar year for the S& P 500 and the Dow, so interesting times ahead........imo.
View attachment 15451
Are those green bubbles the pivot for lift off for BRN ?
I spy a TWEEZER BOTTOM pattern......
Needs confirmation via breaking 94/100 resistance levels.
imo
I'm not a chartist like you. Who knows what September will bring. I just sense some exhaustion after a few lousy days, and quality stocks on sale. I also know the Fed see's inflation as the enemy and will vanquish it and damn the collateral damage (including the stock market).
nice. I think .88 was the bottom. Load the truck upAs Promised guys on Aug 10th when I predicted BRN will fall .. I said my next post will be again when I buy in for 250k .. well that happened today. I have a member here who can independently verify it as well (VictorG).. so iam not just talking but walking
I think i bought in a bit early today but iam happy at this price now… as it is 20c cheaper than aug 10th $1.10 ish - which percentage wise will make a huge difference to me when I sell for some extra profits. (This is just a trade account - I do hold BRN long term as well .. just for transparency and disclosure)
I hope this helped some people to hold on with buying on the 10th and taking the opportunity now at lower prices. Have a great week
@Rocket577
View attachment 15398
TheDrooben
Pretty Pretty Pretty Pretty Good
Extremely low volume..........nothing to see here
Noeggspurt
Member
There was a triple bottom on the daily a few weeks ago, now theres a triple bottom potentially forming on the weekly chart. One to keep an eye out for. If it breaks above around $1.20 then its possibly onwards and upwards to $1.50.
IMO
IMO
Noeggspurt
Member
I'm pretty average at drawing, I need some suggestions on what software to use. But i think the below mark up provides enough of a visual of my previous post. Will be interesting to see how it plays out IMO.
Ethinvestor
Regular
Your Drawing is preety good
I used many softwares in the last 25 years like MetaStock etc but these days Trading-view( shorturl.at/aefx4 ) is the only contender ..
I use Pro+ as thats enough for my needs and cheaper and more flexible than any other platform and has all the markets for free. You do need internet to use it, and Iam not sure how good they data adjustments are like on splits etc but seems ok.
Otherwise if you don’t want to spend any money you can do some limited charting for free with incrediblecharts.com Its preety good for free if u only doing occasionally and not looking to become a pro
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