Technical Analysis

[Falling Knife]

Im holding

Zoomed in

Todays low ATM is 50c so 0.005 to fully close.

Break this and we see 47 them 32… as supports.
Next gap happens to be at the 32c support also.



Why am I holding?

Prophesee, Information System Labs, Edge Impulse, Megachips, Renesas, Socionext, Intel, Global Foundries Services, RiscV and NVISIO are not leaving the ecosystem bc the SP is dropping….

They are not all wrong about the future of this tech or company.
Be great to have one capitulation event before news feeds related to $ or signing of licenses with a big name or two.

 

[Fullmoonfever]

Just watching the longer potential falling wedge in play.

Would need a break above ~ 0.90 with continuing support to drive a trend change and projected eventual 1.80 odd target.


View attachment 27298

Hmmm...I'll post over on the main thread as well fwiw...

17th Jan as per prev post.

15th Feb...wanna hold this bottom TL

 

[Falling Knife]

Hmmm...I'll post over on the main thread as well fwiw...

17th Jan as per prev post.

View attachment 29631

15th Feb...wanna hold this bottom TL

View attachment 29632

Yes it feels climactic with everyones emotions not held in check.
Maybe this is the capitulation we needed to find the base...... A bit of wishful thinking though as we probably need a lot more volume.
A long lower wick candle on the close would paint a more positive picture.

 

[Fullmoonfever]

Yes it feels climactic with everyones emotions not held in check.
Maybe this is the capitulation we needed to find the base...... A bit of wishful thinking though as we probably need a lot more volume.
A long lower wick candle on the close would paint a more positive picture.

Another way to look at with the RVOL against a 20 day avg.

Can see the indecision point & cross over on a couple indicators.

 

[Cyw]

Yes it feels climactic with everyones emotions not held in check.
Maybe this is the capitulation we needed to find the base...... A bit of wishful thinking though as we probably need a lot more volume.
A long lower wick candle on the close would paint a more positive picture.

When LDA finished dumping their 30M shares, you will get your base. Unless someone has insider information that the annual report will be super ugly, I can't see why large holders dumping at all cost now. With this volume, I hope they are done.

 

[Kachoo]

I think the dumping was a result of the technical, stops put in place, the negative sediment all through the boards and and what ever else negative can be thrown in. On a percent it looks bad but when we were 1.2 we had 10 cent swings and that was absorbed with quite a bit of less noise.

I trully think the 60 cent mark was a massive mental spot for many and this resulted in a large volume of sells. Be I treating to see what the short cover was on a day like this.

It really surprises me that the positivity of the company less developed 1 year ago has diminished to nothing. Now I know no new revenue was added so this will push things back but really is this warranted. Also who were the buyers of all these shit shares? Lots sold but there was also the same bought.

 

[Baron Von Ricta]

I think the dumping was a result of the technical, stops put in place, the negative sediment all through the boards and and what ever else negative can be thrown in. On a percent it looks bad but when we were 1.2 we had 10 cent swings and that was absorbed with quite a bit of less noise.

I trully think the 60 cent mark was a massive mental spot for many and this resulted in a large volume of sells. Be I treating to see what the short cover was on a day like this.

It really surprises me that the positivity of the company less developed 1 year ago has diminished to nothing. Now I know no new revenue was added so this will push things back but really is this warranted. Also who were the buyers of all these shit shares? Lots sold but there was also the same bought.

All right, I bought some more of these shit shares.

 

[stuart888]

Notice to Brainchip Investors!

Tom Lee is a badass. Total respect.

 

[Deleted member 118]

That was a large very large amount of shares sold in one go.

 

[BaconLover]

Some profit taking/loss avoidance at the resistance.
Daily.

 

[Deleted member 118]

View attachment 31399

Some profit taking/loss avoidance at the resistance.
Daily.

 

[Rise from the ashes]

Holy shit you still haven't sorted your acn number yet?

 

[buena suerte :-)]

View attachment 31399

Some profit taking/loss avoidance at the resistance.
Daily.

Hopefully a swing back up within the next couple of hours

 

[Deleted member 118]

Holy shit you still haven't sorted your acn number yet?

No everything has now been sorted, last few things sorted Friday with commsec and they said yesterday 24-48 hours to it’s open lol

 

[Rise from the ashes]

No everything has now been sorted, last few things sorted Friday with commsec and they said yesterday 24-48 hours to it’s open lol

Oh good hopefully Murphy stays away until you buy. (Murphy's law)

 

[Rise from the ashes]

By the law of the universe you are increasing the chance of a major leg up.

 

[db1969oz]

View attachment 31399

Some profit taking/loss avoidance at the resistance.
Daily.

Hey Bacon, do we have a new support level around 54c that has been established over the last month?

 

[Deleted member 118]

Hey Bacon, do we have a new support level around 54c that has been established over the last month?

Ditto @BaconLover

 

[BaconLover]

Hey Bacon, do we have a new support level around 54c that has been established over the last month?

As I see it db, the support you're seeing is around 50cents with a couple of tests recently (imo), however, yesterday we left a gap from 50c to 54c on good volume. Compared to yesterday, the volume today is rather low on a red day, and it's a good thing. Sometimes this is seen as support at 54 cents (open price of a news related gap up, good volume, green day).

I personally wouldn't top up until I see a Higher Highs (on good volume) and then Lows (on low volume) on any stock these days, but if I am dollar cost averaging, it doesn't matter, these prices are bargain for a long term hold (My personal opinion, not to be taken as financial advice) with appropriate risk management.

In a couple of hours they decide on the interest rates too, will have to see how market reacts.

 

[Rise from the ashes]

You know this is how he works out his charts.