ADN CHART, page-4117

@redapplecarts it's only a small parcel of my original position.

Still heavily overweight ADN and like it that way.

A quick look at the daily setup sees ADN's price action maintain it's position above both the 15 and 30 day MA's with a push to the topside bollinger band today. We could feasibly see a re-test of the 30 day (blue line), currently at 27c before a break out into the 30c+ range.

Iam thinking maybe 2 - 3 days of consolidation below the 30c mark which would see the 15d MA (red line) push back up through the 30 day MA and into the price action to propel the price action higher.

MACD getting very close to making the all important positive cross, which I think will happen when the move through 30c takes hold.

I picked up a few MEP this morning as a proxy play on ADN's share price as the technical setup is lagging ADN's by a couple of days. Based on where ADN is currently position, MEP could easily be sitting at 17c+ today.