ADN CHART, page-4636

Have to be absolutely honest here. I am surprised as anyone at the nature and voracity of ADN's selloff; especially given the strong fundamentals going forward(mining in 2022). However, I'm glad I followed my trading and investing rules and exited much earlier on. I had posted a number of charts, starting with the Gann Box chart on the 15th of March, that explained why I initially took 50% of the table. That same chart was posted as an updated warning(see link below) to watch closely at current levels(32.5c) for any signs of further weakness. That's when I (reluctantly but fortuitously)got out of the rest of my holdings.

https://hotcopper.com.au/posts/52143812/single

OK, that was then and now is now .... Purely from a TA (support potential) perspective, + those wonderful FA that STILL EXIST, I have taken up my 1st re-entry Tranche right at the close of today's action. Again, I mostly base this decision on that same Gann Box Chart and its 2x1 support line that I never thought we would see tested. With the 61.8% Fib retrace just 1c lower, the 1st Arc support a further 1c lower and the SSTO showing +Ve Divergence(not confirmed) I am comfortable with my decision ... with my personal usual entry trading stops(TnP)applied of course!



In addition, some may recall a (L/T)Point n Figure chart I posted(o70421) that highlighted the high vol nature of the final upthrust(to the 45cH) followed by the increased voracity and even higher vol down thrust we have had since. Well, that down thrust is also approaching the chart's L/T suppt @ 19c.(another potential 'cushion'). Here's that chart again(simplified) ...



GLTASH'ers ... especially @Pezz69 ... Too early to say we have a bottom but hopeful these TA set-ups are close to the mark. Hang in there, fellow and loyal ADN'er.