DJWTrading

Bullish idea for BRN

Long
ASX:BRN   BRAINCHIP HOLDINGS LTD
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 negative zone, pattern suggests we will start seeing positive money flow soon.
50 day MA has just passed the 200 day MA, another great bullish signal.
This stock is very popular and has a decent amount of liquidity. Popular small cap tech stocks can be really great flips.
IMHO
Thanks!
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