AndyTheKing

BRN/AUD - A prosperous 2020

Long
AndyTheKing Updated   
ASX:BRN   BRAINCHIP HOLDINGS LTD
From a technical perspective, Brainchip Holdings (ASX:BRN) ticks all my boxes. I believe we're at an ideal buying location for both traders and investors looking to add to their position.

My reasoning:

  • Location: Bottom of range
  • Structure: Triple bottom, "W" price structure
  • Divergence: Huge OBV div, confirmed div in histogram, Willy div
  • VPVR: Currently sitting at the POC. Large hole in volume above price, approx 125% potential if price clears 0.076c
  • Weekly gap left @ 0.201c (marked by green line)

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Trade active:
Daily 200MA cross has flipped from resistance to support.

Comment:
Locked and loaded, inverse H/S coming in on the weekly. Expecting upwards movement within the next couple of weeks.

Comment:
Boom!

Comment:
Prosperous indeed! 4x from the start of the year.

Comment:
740%

Comment:
1500%

Comment:
3000%


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