interesting Commsec comment today
Chart data sourced from ASX Tradematch.ADO shares appear to be in a long-term bearish trend confirmed by multiple indicators. Long-term, the 200-day moving average is falling and shows that demand for this stock is low. Nearer-term, the 5-day moving average is beneath both the 20 and 50-day moving averages. This is a signal that investors see little opportunity in owning this stock at this time.
' Tightly held ' you could say
Shooting the breeze on ADO, page-4128
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