Finally bit the bullet and re entered a position here after missing the 2c low for the sake of .1c and had been stalking the bid for most of the week. I wanted to ensure I was reset before the feasibility study was delivered. In a world where CAPEX requirements and the ability to raise substantial amounts for projects is even more challenging, this surely bodes well for ADN's prospective plans and path to market.
Really liking the technical setup at play here with the 15 day MA crossing through the 30 day MA today and the share price responding accordingly by moving higher. Iam expecting the next push will take the stock back to test the 200 day MA at 4.3c and once this level is cleared it should march on the 5.5c+ without a great deal of resistance.
MACD tracking well back to the 0 control line and the RSI still someways to go before it reaches 'over bought' territory.
ADN CHART, page-2795
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Last
1.7¢ |
Change
-0.002(10.5%) |
Mkt cap ! $52.87M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.7¢ | $128.2K | 7.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 4315104 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 3176605 | 7 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
1.8¢ |
Change
-0.002 ( 2.78 %) |
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| Open | High | Low | Volume | ||
| 1.8¢ | 1.9¢ | 1.7¢ | 11502616 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| ADN (ASX) Chart |