ADN 6.25% 1.7¢ andromeda metals limited

ADN CHART, page-4174

  1. 4,821 Posts.
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    @D0Verd

    Having a quick look at the daily the price needs to remain above the 28.5 mark and ideally make another move to the topside bollinger band at 32c to maintain momentum.

    I don't like the fact that the MACD has printed a negative cross, all be it still above the important 0 control line + stochastics looking to trend lower from here.

    If it closes below 28.5c I think we can expect a test of 25c. The longer it can remain above the 28.5c, the greater the probability of a topside breakout in the near term. Ideally i want to see the MACD in positive mode.

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