As suspected, the SP has drifted out of my upward trend channel and back into my 'pink box of accumulation'.
Although staying on my upward trend channel for a while, pricing was struggling to cross the halfway mark and was in fact starting to drift to the low side of this channel.
My thinking is the SP will now re explore the 38.2% fib and gap area and then bounce.
This region will be a great place for me to top up I think.
IMO, the longer the SP stays in my 'pink box of accumulation', the bigger the next more will be.
Wombat, I'm calling 45c - 50c on the next move.
[ATTACH] As suspected, the SP has drifted out of my upward trend...
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 (20min delay)
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Last
27.5¢ |
Change
0.010(3.77%) |
Mkt cap ! $570.4M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 28.8¢ | 26.5¢ | $974.8K | 3.528M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 125925 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 70541 | 3 |
View Market Depth
| Last trade - 16.10pm 19/01/2021 (20 minute delay) ? |
 (live)
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Last
28.0¢ |
Change
0.010 ( 5.14 %) |
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| Open | High | Low | Volume | ||
| 27.0¢ | 28.5¢ | 26.8¢ | 1716381 | ||
| Last updated 15.59pm 19/01/2021 (live) ? | |||||
| ADN (ASX) Chart |