As sure as day follows night ,,we opened with a gap down and found support at 4.6, the fib 50% level as expected.....
though I did think a close under 4.6 was a foregone conclusion
Then to the rescue some false positives
- Green US indices futures (8 hours before open mind you ),, a weak indicator of what eventuates later tonight
- market depth where a couple 4m Buy side props appeared - an indicator of desperation and not strength ironically.
Unfortunately, in this environment, any good announcements out of ADN will be greeted with muted enthusiasm ,,,
Tide is going out until 'exceptionally' strong support is established,, and we are no where near that yet.
ADN CHART, page-2425
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $35.44K | 2.173M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 3954705 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2209314 | 6 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| ADN (ASX) Chart |