BRN looks like it may have found support around the 200 SMA and a possibility that we could see a bounce off soon. MACD has crossed also indicating that this could be a zone where buyers could get strong and take price higher. My target on this trade would be $0.550, a potential gain of 10%) with a stop below the swing low. Please note these are my own notes, by...
Accumulation has been very steady with decent volumes traded, expecting a price surge then short, finally accumulation pattern as seen historically. GLTAH
I have drawn the main ascending channel in blue and then a minor descending channel. By considering the trend lines, along with major supports and resistances, and Fibonacci levels; I expect a decline in price, followed by a uptrend as you can see... ASX:BRN
BRN has broken out of a long term triangle, but still has to clear some resistance levels to go bullish. However, if you are a long term investor you may want to look at loading bags within the range.
Looking at a simple Daily chart here shows a nice triangle forming from the ATH last year. An argument could be made that the support is at 48.5 but I'm more comfortable placing it at 51. Note: The Annual Report is due this week which will inevitably bring more volume either way. But i can't see it dropping below 48.5 due to the fundamentals. (I'm currently...
BRN been consolidating for a while now in this triangle. Awaiting announcements regarding deals with customers, we may see a break up here, followed soon after by announcements. Some good announcements will see this one absolutely fly past previous highs very quickly. Please DYOR, very volatile stock this one. None of this is advice. Short term target...
Brainchips stock price is low but very promising, their business is strong and have closed deals with NASA for their new ai technology, long hold on this one
Quick technical analysis of ASX:BRN following its rapid rise and subsequent consolidation over the past two months. In summary: Indicators are showing that support has been found at ~$0.31 and the .236 fib retracement level / -0.5 schiff resistance level has been tested. As per BBW, volatility is decreasing which indicates that a breakout may be on the...
I entered BRN about a week ago, as I expected it to rise again as it approached the lower line of the channel. Currently, there appears to be some accumulation, and I expect the price to rise again shortly. Still holding this one.
$BRN - Price bouncing off 61.8% - 70.70% Fibs, Looks good to continue the reversal IMO. Indies showing bullish signs as well... Took a position, Let's See...Please DYOR First! GL!
The end of the current consolidation cycle into a new bullish move will be determined by an ascending triangle breakout. RSI is approaching the reversal sweet spot and a reversal here would likely give us the breakout we need above 0.38-0.40. OBV shows solid growth and CMF has formed a distinct pattern of higher lows and is spending less and less time in the...
Ascending triangle Momentum increasing on stochastic , RSI and MACD MACD showing uptrend Divergence at beginning of ascending triangle signalling loss of downward trend momentum. Somewhat of a inverse head and shoulder pattern Currently no sign of divergence to signal a reversal of immediate uptrend Will need to breach both the 50 EMA, 200EMA and resistance...
Has dropped over the last few weeks. Sitting on support but RSI looks week and MACD is downward trend. Could be headed to $0.25
Looking at the chart today from BrainChip ( ASX:BRN ) I can see they it has a couple of potential directions from here. Over the last week or so, the stock has been retreating back from its highs of close to $1.00. Overall though, I can see 2 possible scenarios. Scenario A Holding current levels (which look good considering the 61.8 fib line placement) here...
Big up day today on news of a collaboration agreement with Vorago Tech (privately listed). It is a stock I have been in and out of a few times over the last month as I didnt want to keep my stops so wide. Caught most of todays move thankfully. I like the sound of what they do. The whole BRN is "a leading provider of ultra-low power high performance AI technology"...