I've drawn the line slightly differently, at the 31.5c mark. I think it tells a different story... in that its served as the resistance line for a lot more candles. Tuesdays session was the breakthrough past that resistance, and the last 2 days have changed it to the new support line. As mentioned above by @Zxc, the long tails show a new rejection of breaking down past the new support line (32c IMO) and its begun to consolidate at that point.
I'm wary of a potential selloff tomorrow, with it being the usual Friday profit taking and being on the radars of more short term traders now that its broken out of consolidation. But if it holds again tomorrow, then we're off to the next obvious target of 36c. And i'll be buying a heap more.
All my own (amateurish) opinion, and not financial advice of course.
I've drawn the line slightly differently, at the 31.5c mark. I...
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Last
0.7¢ |
Change
0.001(8.33%) |
Mkt cap ! $22.28M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $50.96K | 8.255M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 7954833 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 7895228 | 18 |
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| Last trade - 15.59pm 06/11/2024 (20 minute delay) ? |
| ADN (ASX) Chart |