TheDrooben
Pretty Pretty Pretty Pretty Good
If the uptrend continues we could be looking at a 50/200sma golden cross in a few weeks..........(blue lines mine). AIMO
Technical Analysis
- Thread starter Vojnovic
- Start date
If the uptrend continues we could be looking at a 50/200sma golden cross in a few weeks..........(blue lines mine). AIMO
Fullmoonfever
Top 20
@Falling Knife @TheDrooben
On ph so no chart image soz.
I'd be watching the possible cup n handle pattern.
It is a little weaker as the right lip is slightly lower than the left lip causing a slightly sloping downwards neckline....line from top of left lip to right.
The handle wouldn't want to get too much lower at this stage and needs a bounce upwards and then a breakout through the neckline to give us a pump.
The vol profile fits too with higher peaks on both the left and right lips and lower vol as the cup formed (SP pulled back) as they accumulated.
Target from memory is the value from the base of the cup straight up to the neckline and whatever that is you add to the neckline break if occurs.
On ph so no chart image soz.
I'd be watching the possible cup n handle pattern.
It is a little weaker as the right lip is slightly lower than the left lip causing a slightly sloping downwards neckline....line from top of left lip to right.
The handle wouldn't want to get too much lower at this stage and needs a bounce upwards and then a breakout through the neckline to give us a pump.
The vol profile fits too with higher peaks on both the left and right lips and lower vol as the cup formed (SP pulled back) as they accumulated.
Target from memory is the value from the base of the cup straight up to the neckline and whatever that is you add to the neckline break if occurs.
Falling Knife
Regular
Yes that confluence is targeted in a few weeks.
Im just spit balling but here is another interesting potential which would obviously require news, and by that I think an ASX announcement with $ attached
Firstly the retrace has proceeded to the next fib:
Which coincides with the PF from Jan 2024 so a little more support for this level is offered.
Now for the potential.
A third and successful attempt at breaking overhead resistance may bring on a repeating range. This range coincidentally returns BRN SP to the median tine of the PF. PF tend to do that, ie have SP return to its median.
I think this is more me being heavily invested and praying this is the outcome.......
The golden cross @TheDrooben highlighted pulls BRN out of the Bear into the Bull phase which adds to the prospect of this dream outcome taking place
ASX announcement we wait
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Falling Knife
Regular
So painful to watch
Now the SP has slipped below the lower tine of the PF it has 3 days to climb back above.
Levels of support from here include;
FIB @23.5
MMA 50 day at 23
last low ie full retrace 21.5
News can not come to soon.
The only positive I see is during this period of falling SP the volume has also been dropping
Now the SP has slipped below the lower tine of the PF it has 3 days to climb back above.
Levels of support from here include;
FIB @23.5
MMA 50 day at 23
last low ie full retrace 21.5
News can not come to soon.
The only positive I see is during this period of falling SP the volume has also been dropping
Ethinvestor
Regular
Triangle.. whichever way brakes .. will likely to continue for a while….
Ethinvestor
Regular
Ethinvestor
Regular
TheDrooben
Pretty Pretty Pretty Pretty Good
Thanks @Ethinvestor 50M volume.....must be some big mum and dad's out thereupdate ..false break out before…..officially defu…d.. meaning we good
but a bit weary.. as this is mum and dad money now pushing it up as institutional investors on holidays now…
Ethinvestor
Regular
I ment to say ”most” institutional… 
and also that most shorters, sellers etc also not in the market this time of the year.. 
and also that most shorters, sellers etc also not in the market this time of the year.. Falling Knife
Regular
The last big longer term PF failed
A new one has formed, looks good atm.
Breaking of the descending triangle on larger volume also positive.
Now a back test of the triangle or retest/confirmation of the lower tine of the PF would be excellent.
One 5 year architectural license is all we ask for Christmas, the new year or the January CES conference.
A new one has formed, looks good atm.
Breaking of the descending triangle on larger volume also positive.
Now a back test of the triangle or retest/confirmation of the lower tine of the PF would be excellent.
One 5 year architectural license is all we ask for Christmas, the new year or the January CES conference.
Falling Knife
Regular
The set up is awesome for a trend in the direction we have been hanging for
The GUPPY MAs are all in the correct order. Only the 200 SMMA left to point up.
The GUPPY MAs are all in the correct order. Only the 200 SMMA left to point up.
A little mention of our chart
Ethinvestor
Regular
Well we definitely crossed today the golden cross
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Falling Knife
Regular
Or we could go out on a boxing day run and hit the median tine and repeating range target before a pull back. lol
A healthy period of stabilization here would be fantastic
A healthy period of stabilization here would be fantastic
From a long term point of view it looks bullish and notice how when the 50, 20 and 10 week EMA's converge a breakout follows. A bull run from May/June 2020 and Nov'21.
A shocker of a long bear run from Oct/Nov'21.
At the moment we are seeing a convergence of these weekly EMA's.
ema 10 week = 26.4 cents, EMA 20w = 24.7 and the EMA 50w = 25.7.
Will we see history repeat? Would be good to see a decent run up to close gaps above?
Its a weekly chart so we can expect to see some intra weekly dips as well as red weeks on the way up if that is the journey it takes.
There is a gap above at 46 cents from Feb'24 to fill as well as a gap above at $1.925 from Jan'22.
Its wait and see.
A shocker of a long bear run from Oct/Nov'21.
At the moment we are seeing a convergence of these weekly EMA's.
ema 10 week = 26.4 cents, EMA 20w = 24.7 and the EMA 50w = 25.7.
Will we see history repeat? Would be good to see a decent run up to close gaps above?
Its a weekly chart so we can expect to see some intra weekly dips as well as red weeks on the way up if that is the journey it takes.
There is a gap above at 46 cents from Feb'24 to fill as well as a gap above at $1.925 from Jan'22.
Its wait and see.
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Ethinvestor
Regular
After Golden Cross Confirmed we have a break out confirmed now as well !!! …. And a new uptrend.. as well… !!! Definitely Bullish. Todays close at previous resistance 36-37 Cents, next resistance is at 50 cents most likely will hit (70%-80%) - unless some bad news or some pullback beforehand.
But the impulsive move for 3 days on such a high volume is a very strong signal technically.
Fundamentally no news… somebody knows something?🫢 hmmm… 20 years ago when i was day trading… I loved these signals as I seen this as an inside info by somebody… and usually i would be profitable based on what the chart is telling me..
Anyway good news … and nice christmas gift… not because what the price achieved, but how the chart looks like… this can be the beginning of the new uptrend… after 2 years of downtrend… hopefully there is good news coming out and not just short term speculation ….
Just my 2 cents - DYOR
But the impulsive move for 3 days on such a high volume is a very strong signal technically.
Fundamentally no news… somebody knows something?🫢 hmmm… 20 years ago when i was day trading… I loved these signals as I seen this as an inside info by somebody… and usually i would be profitable based on what the chart is telling me..
Anyway good news … and nice christmas gift… not because what the price achieved, but how the chart looks like… this can be the beginning of the new uptrend… after 2 years of downtrend… hopefully there is good news coming out and not just short term speculation ….
Just my 2 cents - DYOR
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Last edited:
Great analysis and feedback, much appreciated. Let’s get on the uptrend people!!After Golden Cross Confirmed we have a break out confirmed now as well !!! …. And a new uptrend.. as well… !!! Definitely Bullish. Todays close at previous resistance 36-37 Cents, next resistance is at 50 cents most likely will hit (70%-80%) - unless some bad news or some pullback beforehand.
But the impulsive move for 3 days on such a high volume is a very strong signal technically.
Fundamentally no news… somebody knows something?🫢 hmmm… 20 years ago when i was day trading… I loved these signals as I seen this as an inside info by somebody… and usually i would be profitable based on what the chart is telling me..
Anyway good news … and nice christmas gift… not because what the price achieved, but how the chart looks like… this can be the beginning of the new uptrend… after 2 years of downtrend… hopefully there is good news coming out and not just short term speculation ….
Just my 2 cents - DYOR
Fullmoonfever
Top 20
Just some quick chart thoughts more around poss resist / supp areas to watch.
Couple of daily & a weekly.
Made some basic notations here & there.
Couple of daily & a weekly.
Made some basic notations here & there.
Fullmoonfever
Top 20
Was having a quikc look at a 15 min chart for today as below with some notes on it.
As per notes on my 1st chart prev post above, saw a little weakness today which could just be some profit taking but the next couple of bars for the new year worth watching.
Falling Knife
Regular
Do we fly to the upper PF Tine before a retrace?
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