In the absence of fundamental news, ADO is a plaything of traders and short sellers at this stage, exacerbated by probable tax selling.
Today's finish below the 30 day EMA is not a great sign but the sp might find support at 4cents where previously it found resistance back in April.
The Stochastic descending into oversold territory is likely to attract some buying as well which might also help to support the sp. And the gap at 4.1cents was closed today which might excite a few.
7 more trading days for the CEO to meet his June quarter KPIs and for the sp to finish the financial year on a high note.
ADO Charting and Technical Analysis, page-7684
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.36M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $33.18K | 1.658M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2717347 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 723484 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ADO (ASX) Chart |