ADN CHART, page-4614

First posted this chart on 1 April (I get the significance as this was my first post here). Thought I might revisit as this is a chart forum.
The updated chart is a linear chart rather than a semi-log chart and is the only difference. My trading strategy at the time was to wait for a pull back closer to the 24c support zone.
Bullish candle yesterday so trading strategy is for an entry with a stop @ 22c (50% range of dominant candle 13 November) with a target @ 36c, assuming an entry of 25c this is a risk reward around 3.5:1 (ignoring slippage) which is acceptable for my trading strategy.

Note that this is a trading strategy and is a separate consideration to my longer term ADN
holdings. When you apply this strategy to MEP you get a risk reward closer to 7 which may prove more attractive from a trading perspective.

MACD in this case is my trend indicator & the Slow Stochastic is my momentum indicator even though both are oscillators.



This suits my trading timeframe for this portion of my portfolio and is distinct from my longer term holdings that have different considerations. This does not constitute advice, it is simply my take on where the price action is from a technical perspective - no fundamentals in this at all.

DYOR & this is MOO