Do agree @h00ts , i think this week is going to be pivotal in terms of the price action to give an indication of the short / medium term trend. Iam pushing my chips back in here as I believe we will see a return to the decent upwards momentum. A few people on twitter and here have identified the 4.7c as being a critical inflection point (which coincidentally was the placement price back last November). Lets see if it can get up and make a move through this level next week...maybe some news to get the blood pumping?
What i do find interesting is the similarities to that of NVA, which i know a few owners of ADN are in. I think the consolidations, setups and rips are very similar. It looks as though the NVA price action is a couple of weeks ahead of ADN.
I've highlighted on the NVA daily chart the period where I think ADN is currently tracking and you can see that once the 15 day SMA (red line) crosses the 30 day SMA (blue line) it can act as a very powerful price action catalyst. Also the MACD line as it turns positive and crosses back through the 0 control line is generally when the price action sees good demand.
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NVA weekly setup is has some good similarities as well where the price action again looks to be a couple of weeks ahead. You can see when pricing comes back to test the SMA lines and then pushes back through them, it can open the door for a decent move higher to take hold. I think next week if ADN makes the move to 4.7c+ this will be the setup to open the door for a rip back to 6c+
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Do agree @h00ts , i think this week is going to be pivotal in...
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.09M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 1.8¢ | $158.6K | 8.171M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 550000 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 1115160 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 550000 | 0.019 |
25 | 6260359 | 0.018 |
13 | 4658437 | 0.017 |
24 | 4190862 | 0.016 |
25 | 5207493 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 1115160 | 4 |
0.021 | 1192116 | 8 |
0.022 | 2586835 | 7 |
0.023 | 766317 | 8 |
0.024 | 1034796 | 10 |
Last trade - 14.02pm 01/08/2024 (20 minute delay) ? |
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ADN (ASX) Chart |