Yep, I think we're about to see a fairly quick move of plus or minus 0.7 cents shortly. Long term, the fundamentals will drive the SP, but in the absence of any news traders may be watching for a either a break through or resistance at 6.8- 6.9 cents. IMO, if we get through it, we'll see 7.5c, but if not we could see 6.0c again.
Just my observations on the chart. I would obviously like it to crash through the resistance but will be holding tight either way and will probably top up if we get down to 6 again.
Cheers Peekay
ADO Price at posting:
6.6¢ Sentiment: LT Buy Disclosure: Held
