ADO share price continuing to fall with no material news in 2023 that has been able to change downward momentum. It's following a well worn path now:
Step 1: Sell some shares to raise some cash
Step 2: Convert Options
Step 3: Sell new shares above Strike price
Step 4: Wait for downtrend in share price to continue to fall as others follow and share price falls below strike price
Step 5: Buy a greater quantity of shares with the same or less money or wait for a Capital Raise if it appears to be on the horizon which in the case of ADO is looking more likely each day.
ADO Charting and Technical Analysis, page-7232
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Last
2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $51.84M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $6.734K | 320.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1363028 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 380181 | 2 |
View Market Depth
| Last trade - 14.58pm 23/08/2024 (20 minute delay) ? |
| ADO (ASX) Chart |