Its no secret that shareholders in ADO have been waiting for...

Its no secret that shareholders in ADO have been waiting for some news as to the progress of ADO's discussions with players in the diagnostics industry.

However in the abscence of this news one would have to compare ADO's 20% increase in value 'v' the 12.5% decline of the XAO as an endorsement of the expectation shareholders have.

The past week has also added some serious validity to the sentiment being displayed in the market about ADO's prospects. The volume of buying support displayed on each attempted retracement has been unrelenting.

Someone is a taking large position in this stock at the moment. Take what you want from that, but 'follow the money' springs to mind.

The current accumulation zone looks to be 5.4-5.8.

If this Company penetrates the markets available to its products in a big way then this stock has the capacity to return the kind of percentage appreciation that people only dream of.

I expect that whatever is brewing will only be the tip of the iceburg.

IMO
DYOR