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Technical Analysis
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cosors
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Here is an opinion from Germany:
"04/13/2022 | 05:00
INFINEON, BRAINCHIP, NVIDIA – CHIP MARKET BEFORE THE NEXT WAVE
SEMICONDUCTOR
CRISPS
Due to the current events in connection with the Ukraine conflict and the announced sanctions against Russia, certain everyday goods are becoming scarce. Consumers are currently faced with empty supermarket shelves when it comes to sunflower oil, for example. It seems almost forgotten that the supply of semiconductors is still too scarce. This crisis could be exacerbated by the war. The reason is that the noble gas neon required for chip production could run out. Intel boss Gelsinger, on the other hand, assumes that the chip shortage will last until 2023.
Author: Stefan Feulner
ISIN: BRAINCHIP HOLDINGS LTD | AU000000BRN8 , NVIDIA CORP. DL-_001 | US67066G1040 , INFINEON TECH.AG NA ON | EN0006231004
CONTENTS:
1.) BRAINCHIP AT AN ATTRACTIVE LEVEL
2.) "MOST EFFICIENT SOLUTION EVER"
3.) FURTHER SETBACK POTENTIAL
4.) ANALYSTS LOWER THE THUMB
The author
STEPHEN FEULNER
Born in Franconia, he has more than 20 years of stock exchange experience and a broad network. His passion is analyzing a wide variety of business models and examining new trends.
_________________________________________________________________________________________________________________________________________________________
BRAINCHIP AT AN ATTRACTIVE LEVEL
It was without a doubt one of the outperformers in the first month of the current stock market year. The shares of the Australian company BrainChip Holdings, which also operates branches in the USA, India and France, almost quadrupled within a month from AUD 0.71 to AUD 2.25. The announcement that Mercedes wants to develop systems based on BrainChip's Akida hardware and software caused panic buying . Among other things, the technology makes the "Hey, Mercedes" voice control in the EQXX five to ten times more efficient than conventional voice control.
Since the beginning of February, the stock has been in a strong consolidation phase, which is not unusual for such an innovative technology company. The 78.6% correction level would be located at AUD 0.805 , which could offer an interesting entry opportunity in the long term. The stock, which is traded in Australia as well as in Frankfurt and the USA, is currently trading at AUD 0.865, the equivalent of EUR 0.59. The market value has melted to EUR 1.12 billion.
"MOST EFFICIENT SOLUTION EVER"
BrainChip, the world's first commercial manufacturer of neuromorphic AI chips, continues to work fundamentally on optimizing the Akida chip, which according to management represents "the most efficient AI solution ever produced". Ultra-low-power and high-performance, the Akida processor supports the growth of edge AI technology through the use of a neuromorphic architecture, a type of artificial intelligence inspired by the biology of the human brain. With every transaction, Akida learns independently. The technology is therefore ideally suited for modern edge devices and is to be used in autonomous driving, IoT devices, in robotics, medical diagnostics or security technology.
A partnership has now been announced with SiFive, the founder and market leader of RISC-V computing. The respective technologies were combined to offer chip designers optimized AI/ML computing power at the edge of the network. For BrainChip, expanding the product portfolio is the opportunity to integrate Akida technology into a market-leading product offering, creating an efficient combination for edge computing.
FURTHER SETBACK POTENTIAL
The share of the largest developer of graphics processors and chipsets for personal computers, servers and game consoles, Nvidia, shows that corrections do not only affect innovative and new technology companies. After highs of USD 347.00, the US stock fell more than 35% to currently USD 219 . The correction does not appear to be over yet. The upward trend that has developed since the Corona low at the beginning of March 2020 is currently at USD 207.00. Should this be broken, prices in the range of USD 150.00 would be quite possible.
The analyst firm Baird caused red courses by downgrading Nvidia to “neutral” from previously “outperform”. In addition, the price target was massively reduced from USD 360.00 to currently USD 225.00.
ANALYSTS LOWER THE THUMB
The British investment house Barclays also lowered the price target for Infineon from EUR 45.00 to currently EUR 30.00 . The classification was left at "equal weight". After the extremely strong growth in the years 2020 to 2022, there are increasing signs of a short-term downturn in the semiconductor industry, analyst Keagan Bryce-Borthwick believes. In the long term, however, he remains optimistic about the entire industry.
On the other hand, the Munich-based company wants to increase the production of chips for the automotive industry. As a result, the plant in Indonesia is to be expanded. The production area was doubled by taking over the factory buildings at the Bantam site. Production should start in 2024, Infineon announced on Tuesday. Car division board member Thomas Kaufmann referred to the increasing demand for semiconductors for automobiles.
In terms of charts, the picture has clearly clouded over. If the price falls below the annual low of EUR 25.69, the next significant resistance would only be found at EUR 22.50.
According to industry experts, the semiconductor crisis is likely to keep us busy until at least 2023 . BrainChip is working on a real innovation with its Akida technology and is largely past its correction. In the case of Nvidia and Infineon , on the other hand, the technical picture is not yet sending any signs of relaxation ."
https://www.kapitalerhoehungen.de/kommentare/infineon-brainchip-nvidia-chipmarkt-vor-nachster-welle
"04/13/2022 | 05:00
INFINEON, BRAINCHIP, NVIDIA – CHIP MARKET BEFORE THE NEXT WAVE
SEMICONDUCTOR
CRISPS
Due to the current events in connection with the Ukraine conflict and the announced sanctions against Russia, certain everyday goods are becoming scarce. Consumers are currently faced with empty supermarket shelves when it comes to sunflower oil, for example. It seems almost forgotten that the supply of semiconductors is still too scarce. This crisis could be exacerbated by the war. The reason is that the noble gas neon required for chip production could run out. Intel boss Gelsinger, on the other hand, assumes that the chip shortage will last until 2023.
Author: Stefan Feulner
ISIN: BRAINCHIP HOLDINGS LTD | AU000000BRN8 , NVIDIA CORP. DL-_001 | US67066G1040 , INFINEON TECH.AG NA ON | EN0006231004
CONTENTS:
1.) BRAINCHIP AT AN ATTRACTIVE LEVEL
2.) "MOST EFFICIENT SOLUTION EVER"
3.) FURTHER SETBACK POTENTIAL
4.) ANALYSTS LOWER THE THUMB
STEPHEN FEULNER
Born in Franconia, he has more than 20 years of stock exchange experience and a broad network. His passion is analyzing a wide variety of business models and examining new trends.
_________________________________________________________________________________________________________________________________________________________
BRAINCHIP AT AN ATTRACTIVE LEVEL
It was without a doubt one of the outperformers in the first month of the current stock market year. The shares of the Australian company BrainChip Holdings, which also operates branches in the USA, India and France, almost quadrupled within a month from AUD 0.71 to AUD 2.25. The announcement that Mercedes wants to develop systems based on BrainChip's Akida hardware and software caused panic buying . Among other things, the technology makes the "Hey, Mercedes" voice control in the EQXX five to ten times more efficient than conventional voice control.
Since the beginning of February, the stock has been in a strong consolidation phase, which is not unusual for such an innovative technology company. The 78.6% correction level would be located at AUD 0.805 , which could offer an interesting entry opportunity in the long term. The stock, which is traded in Australia as well as in Frankfurt and the USA, is currently trading at AUD 0.865, the equivalent of EUR 0.59. The market value has melted to EUR 1.12 billion.
"MOST EFFICIENT SOLUTION EVER"
BrainChip, the world's first commercial manufacturer of neuromorphic AI chips, continues to work fundamentally on optimizing the Akida chip, which according to management represents "the most efficient AI solution ever produced". Ultra-low-power and high-performance, the Akida processor supports the growth of edge AI technology through the use of a neuromorphic architecture, a type of artificial intelligence inspired by the biology of the human brain. With every transaction, Akida learns independently. The technology is therefore ideally suited for modern edge devices and is to be used in autonomous driving, IoT devices, in robotics, medical diagnostics or security technology.
A partnership has now been announced with SiFive, the founder and market leader of RISC-V computing. The respective technologies were combined to offer chip designers optimized AI/ML computing power at the edge of the network. For BrainChip, expanding the product portfolio is the opportunity to integrate Akida technology into a market-leading product offering, creating an efficient combination for edge computing.
FURTHER SETBACK POTENTIAL
The share of the largest developer of graphics processors and chipsets for personal computers, servers and game consoles, Nvidia, shows that corrections do not only affect innovative and new technology companies. After highs of USD 347.00, the US stock fell more than 35% to currently USD 219 . The correction does not appear to be over yet. The upward trend that has developed since the Corona low at the beginning of March 2020 is currently at USD 207.00. Should this be broken, prices in the range of USD 150.00 would be quite possible.
The analyst firm Baird caused red courses by downgrading Nvidia to “neutral” from previously “outperform”. In addition, the price target was massively reduced from USD 360.00 to currently USD 225.00.
ANALYSTS LOWER THE THUMB
The British investment house Barclays also lowered the price target for Infineon from EUR 45.00 to currently EUR 30.00 . The classification was left at "equal weight". After the extremely strong growth in the years 2020 to 2022, there are increasing signs of a short-term downturn in the semiconductor industry, analyst Keagan Bryce-Borthwick believes. In the long term, however, he remains optimistic about the entire industry.
On the other hand, the Munich-based company wants to increase the production of chips for the automotive industry. As a result, the plant in Indonesia is to be expanded. The production area was doubled by taking over the factory buildings at the Bantam site. Production should start in 2024, Infineon announced on Tuesday. Car division board member Thomas Kaufmann referred to the increasing demand for semiconductors for automobiles.
In terms of charts, the picture has clearly clouded over. If the price falls below the annual low of EUR 25.69, the next significant resistance would only be found at EUR 22.50.
D
Deleted member 118
Guest
stuart888
Regular
For me in Florida USA, we buy Brainchip via the OTC Best Market (BRCHF), which is in US Dollars. When I first bought the stock, it was not on the OTC Best Market, and I had to do a currency conversion to buy a foreign stock, and it was absolutely hard/scary to do. It was the first time I ever took the risk to buy a foreign stock, and it was listed on the Pink Market back then (lower level of accounting requirements, board members, etc.).
But the upgrade to OTC Best Market for USA, about 6 months ago, makes it much better. Now any USA citizen can go to their brokerage website, like Fidelity and buy the stock. Plus, I can dollar cost average small amounts like 500 shares at a time. There are no fees or deductions, 100% of the cash converts to the stock.
It is kind of neat, since I can watch Brainchip stock all day in USA, and when the stock market closes here, 1.5 hours later, the Australian Market BRN opens up. So almost every waking hour, I can check on the stock.
I am a big fan of this website, and I always visit one of the Google Ad Sponsors. I value this website, and clicking/viewing sponsors is my small part. I also think it is important to watch the ads on the Brainchip Youtube page too. Trying to help! Big thanks to 1000 eyes, plus 2 in Florida.
Best regards, Stuart (sponsor ad clicker!).
https://www.otcmarkets.com/stock/BRCHF/quote
But the upgrade to OTC Best Market for USA, about 6 months ago, makes it much better. Now any USA citizen can go to their brokerage website, like Fidelity and buy the stock. Plus, I can dollar cost average small amounts like 500 shares at a time. There are no fees or deductions, 100% of the cash converts to the stock.
It is kind of neat, since I can watch Brainchip stock all day in USA, and when the stock market closes here, 1.5 hours later, the Australian Market BRN opens up. So almost every waking hour, I can check on the stock.
I am a big fan of this website, and I always visit one of the Google Ad Sponsors. I value this website, and clicking/viewing sponsors is my small part. I also think it is important to watch the ads on the Brainchip Youtube page too. Trying to help! Big thanks to 1000 eyes, plus 2 in Florida.
Best regards, Stuart (sponsor ad clicker!).
https://www.otcmarkets.com/stock/BRCHF/quote
Fullmoonfever
Top 20
Haven't had time to update chart but still want that break as posted previously below to give some impetus to the current move.
Post in thread 'Technical Analysis' https://thestockexchange.com.au/threads/technical-analysis.5/post-44737
Fullmoonfever
Top 20
Thought just post same prev charts as at today EOD with an additional 3 hrly.
Some basic notes on the 3 hrly and copy of explanations for other 2 from previous post plus the prev original charts from couple weeks back for a quick visual.
Overall, the ranging is pretty clear even to a non TA person but underlying imo there is a tightening / squeeze coming in with the previous strong underlying bearish bias easing. Watching for the potential BO. Like to see a confirm above approx. 1.03 - 1.09.
1. Picks up pivots and can see how tight the recent pivots have been in the box at 4.
2. Indicator summary again lends weight to the current bull / bear tussle with mixed bias.
3. Hull EMA 20 (blue) & 50 (white) with circle highlights of crosses though currently flat in that ranging (values right axis).
4. Highlight of current ranging but also the boxes align to #6.
5. Tries to indicate ~ buy / sell within each bar & whilst seeing selling the shares appear to be getting absorbed hence the ranging.
6. Momentum & squeeze indicator from Bolli Bands & Keltner Channel EMAs. The red dots to yellow indicate a squeezing & can see previously left similar events. The histogram provides bias and indicative momentum. Can see how the bear bias has been easing further into this ranging & squeeze.
7. Trend based indicator paints the SP bars according to centre crosses for bull / bear & strength. Can see the weakening of the bear bias recently. Need cross up on the squeeze BO.
1. Pivots worked off monthly value & obviously as SP moves away (bull or bear) then provides bias. Can also assist with supp / resist areas & again can see confirmation of how recent pivots to SP in the DT has been tightening into the range. Currently sitting at 1.045 to break.
2. Auto Fib reflecting the SP retrace to the 786 level and trying to hold.
3. Summary panel diff to the above chart but again mixed bias in the tussle.
4. Just a highlight of the flat EMA's (values on right axis & bias in the indicator panel).
5. Five various indicator readings combined (coloured areas) plus a vol bias (green histo) showing vol bias just bull bias and indicators again mixed with split of colours above the centre line. Need all blue above centre & rising histo.
6. Indicator looks for range (between the lines) & BO momentum to bull (blue) & bear (orange) with extreme levels for poss OB / OS areas.
D
Deleted member 118
Guest
Still up for the week
D
Deleted member 118
Guest
Not a good start in the markets in both Europe and the Uk. Let’s hope the last 1/4 is at least positive otherwise
Only reason tech was up overnight in the states was regarding Musks deal getting approved by the board to sell Twitter.
Only reason tech was up overnight in the states was regarding Musks deal getting approved by the board to sell Twitter.
Last edited by a moderator:
stuart888
Regular
For those that want a quick answer to How is BRCHF trading OTC in the USA? This daily view tells me what I want to know with a 30 second review. You can just scan the Date/Closing Price/Volume. View the past 10 trading days and get the trend. Remember, we have was less volume than with BRN.
Lately, all the larger volume days are selling/down days. But with all the big nasty Mr Market stirring up a hurricane, it makes sense. If Brainchip never goes back below a USA Market Cap of $1B, I would call it a win. Mike Wilson of Morgan Stanley on CNBC said today, he feels the upswing coming, defensive stocks are too expensive, but it might be a month or more until the bottom. It sure would be better to have great 4C news during an up market. My focus is on 2025+, just adding on little at a time.
https://www.nasdaq.com/market-activity/stocks/brchf/historical
Lately, all the larger volume days are selling/down days. But with all the big nasty Mr Market stirring up a hurricane, it makes sense. If Brainchip never goes back below a USA Market Cap of $1B, I would call it a win. Mike Wilson of Morgan Stanley on CNBC said today, he feels the upswing coming, defensive stocks are too expensive, but it might be a month or more until the bottom. It sure would be better to have great 4C news during an up market. My focus is on 2025+, just adding on little at a time.
https://www.nasdaq.com/market-activity/stocks/brchf/historical
D
Deleted member 118
Guest
Could someone please wake me up when today is over as I just looked how the Nasdaq is doing
D
Deleted member 118
Guest
Must have been a good day for the shorters to close some of their positions, be interesting to see if it was in a few days time
cosors
👀
Next opinion from Germany.
Nothing new but some honey for you:
"26.04.2022 | 05:55 | Author: Fabian Lorenz
MERCEDES PARTNER BRAINCHIP WITH THE NEXT COOPERATION
Probably one of the most exciting listed chip newcomers is BrainChip. The Australian technology company works on solutions in the field of artificial intelligence and machine learning. The Akida chip is the company's current flagship product. It is a neuromorphic processor. It is supposed to be very close to the way the brain works and therefore very energy-efficient. BrainChip sees areas of application in autonomous driving, IoT devices, robotics, medical diagnostics and security technology. The Australians caused a sensation at the turn of the year when it became known that Akida is installed in the ConceptCar EQXX from Mercedes and that, among other things, the "Hey, Mercedes" voice control is up to ten times more efficient than conventional voice control. There were also reports of interest on the part of the US Air Force. As a result, the share exploded to 1.20 EUR. In the context of the general weakness on the stock markets, the price has come back to 0.60 EUR. At the same time, the company continues to step on the gas operationally.
Most recently, BrainChip announced a cooperation with nViso SA. The Swiss company says its technology is the only one capable of analysing human behaviour signals such as facial expressions, emotions, identity, head pose, gaze, gestures, activities and objects with which users interact. In robotics and vehicle applications, human behaviour analysis detects the emotional state of the user to provide customised, adaptive, interactive and safe devices and systems. This technology is to be integrated into BrainChip's Akida processors. The partners see initial potential applications in the field of robots and surveillance systems. BrainChip CEO Sean Hehir: "nViso's AI systems for analysing human behaviour offer fascinating possibilities in homes, cars, buildings, hospitals and more. We're excited to support these capabilities with BrainChip's processing power and energy efficiency." This may not have been the last interesting news from BrainChip this year. )
.
.
.
The chip industry is benefiting from an undersupply and long-term megatrends such as autonomous driving. Nvidia and Infineon will also benefit from this. A real hot stock is BrainChip. Partners like Mercedes show that the Australians are on the right track."
https://www.inv3st.de/kommentare/ch...ercedes-partner-brainchip-nvidia-und-infineon
Nothing new but some honey for you:
"A real hot stock is BrainChip. Partners like Mercedes show that the Australians are on the right track.""26.04.2022 | 05:55 | Author: Fabian Lorenz
CHIP INDUSTRY IS BOOMING: WHAT DO MERCEDES-PARTNER BRAINCHIP, NVIDIA UND INFINEON?
Chip stocks are having a hard time at the moment, although the market is undersupplied and will probably remain so for some time. This was also made clear by the figures from semiconductor equipment supplier ASML. Orders at the world's largest supplier of lithography systems for semiconductor manufacturers were around EUR 7 billion in the first three months of 2022, well above market expectations. In addition, ASML has stated its targets up to 2025. The company intends to expand production capacities in view of the strong demand. Mercedes partner BrainChip should also benefit from these positive industry prospects. And of course industry heavyweights like Nvidia and Infineon.MERCEDES PARTNER BRAINCHIP WITH THE NEXT COOPERATION
Probably one of the most exciting listed chip newcomers is BrainChip. The Australian technology company works on solutions in the field of artificial intelligence and machine learning. The Akida chip is the company's current flagship product. It is a neuromorphic processor. It is supposed to be very close to the way the brain works and therefore very energy-efficient. BrainChip sees areas of application in autonomous driving, IoT devices, robotics, medical diagnostics and security technology. The Australians caused a sensation at the turn of the year when it became known that Akida is installed in the ConceptCar EQXX from Mercedes and that, among other things, the "Hey, Mercedes" voice control is up to ten times more efficient than conventional voice control. There were also reports of interest on the part of the US Air Force. As a result, the share exploded to 1.20 EUR. In the context of the general weakness on the stock markets, the price has come back to 0.60 EUR. At the same time, the company continues to step on the gas operationally.
Most recently, BrainChip announced a cooperation with nViso SA. The Swiss company says its technology is the only one capable of analysing human behaviour signals such as facial expressions, emotions, identity, head pose, gaze, gestures, activities and objects with which users interact. In robotics and vehicle applications, human behaviour analysis detects the emotional state of the user to provide customised, adaptive, interactive and safe devices and systems. This technology is to be integrated into BrainChip's Akida processors. The partners see initial potential applications in the field of robots and surveillance systems. BrainChip CEO Sean Hehir: "nViso's AI systems for analysing human behaviour offer fascinating possibilities in homes, cars, buildings, hospitals and more. We're excited to support these capabilities with BrainChip's processing power and energy efficiency." This may not have been the last interesting news from BrainChip this year. )
.
.
.
The chip industry is benefiting from an undersupply and long-term megatrends such as autonomous driving. Nvidia and Infineon will also benefit from this. A real hot stock is BrainChip. Partners like Mercedes show that the Australians are on the right track."
https://www.inv3st.de/kommentare/ch...ercedes-partner-brainchip-nvidia-und-infineon
YLJ
Swing/Position Trader
Hi Rocket...
Happy to oblige but not too sure there is that much to add to what I have outlined previously... On the one hand, there are early signs of a bottom forming, but on the other, the general market (and tech in particular) are in a very delicate position IMHO. Add to that the fact that we have been told to "keep an eye on the financials" (rather than expect major announcements) as an indication of company progress and that this will most likely begin to materialize later in the Calendar year and continue the next one.
These are some of the reasons, from a long-term holding perspective, that I am not rushing to get my (far from desperate) top-up and would like to see a more major technical indication of sustained upside or a downside push that presents a bargain that would be hard to turn down and with plenty of support beneath it.
I think a lot of people's patience is likely to get tested in the coming months, but who knows...
Here are the charts (with a couple of additional annotations).
All the best.
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