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ADN

12.5%

0.7¢ andromeda metals limited

ADN CHART, page-5068

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Sunrayta

4,414 Posts.

982

04/08/21

14:27

Post #: 55026078
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Originally posted by SignOfTheTimes: ↑

As much as I don't believe in charts on news driven stocks, charts do mean something 'without news'. ADN's chart could be doom and gloom and JM announces Mine Approval BOA and HPA in one week we will probably double.

So assuming no news is coming, both@Sunrayta charts are set for enormous upside. They key is for that MACD line to cross and same for the stochastic. Being so oversold (look how low the stoch is), one can see there is the potential for a sustained upside rally. @Sunrayta also mentioned Bollinger is compressing. This generally indicates an explosive move is coming; they (the Bollinger Bands) are compressing significantly on the daily, and on the weekly more slower. Daily indicators move quicker then Weekly of course - so that makes sense.

So lets have a look at a less significant timeframe - the 4HR

Similar chart but on 4HR shows Price Action above middle bollinger, the MACD has 'just' crossed, and a Stochastic which is a confirmed hot signal.

If this follows through to the Daily, and then weekly we will be in for a substantial run. The weekly chart is the most significant, and it is not always common to have both Daily and Weekly dancing together, but certainly fantastic when it does.

I'm unlucky to be with ANZ for my main portfolio. They do not allow trades unless cleared funds are in your attached account. This means I can't place a trade until this dumb cheque clears. I also have a Commsec account and with them you can trade and organise funds for T+2.

My holding size is now approaching 3M (ADN & MEP) and I am as relaxed as can be. Will add another 50K on Friday.

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ADN Price at posting: 16.3¢ Sentiment: Buy Disclosure: Held
62 Upvote

11 Great analysis

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