No arguments from me about the fundamental prospects for ADO. That's why I want to get back on.
However I've never been game to predict price direction on fundamentals alone.
I obviously rely a lot on gaps on daily charts for my trading, but I am starting to notice that intraday gaps also have some influence - although I have no firm conclusions yet that I can apply to my trading.
I just find it fascinating that sometimes a tiny intraday gap appears to have some relevance to the share price sometime down the road.
For instance I found two recent intraday gaps on MAS which coincide perfectly with the 50% and 62% fib retrace levels on the daily MAS chart.
Again I don't know what, if anything this means but I'm keen to play around and observe and try and uncover any meaning that might be there.
