ADN CHART, page-4378

I'm not an expert TA guy but any stretch, but that was a good laugh. Change the chart to a line chart, and the stretch of a H&S pattern you claim is there, clearly isn't. It's not even close to looking uniform.



Your thesis regarding volume being an indicator of potential downside SP pressure isn't quite there either. Of course buying volume will eventually drop off after a strong SP run-up, not even ADN can go straight up in price without some sort of consolidation. If there was a series of large red volume candles (see June 2020 as an example) that were larger than the green volumes, I'd have pause for thought. SP consolidation is always healthy, it helps build a strong base for the next leg up whenever it arrives. Having good technicals like that, on top of the fantastic FA we have in ADN, is why we are so bullish here.

I actually dare you to take a short position on ADN, but don't come crying back here when you get burnt by it. You're not the first person who's made that punt recently, and the rest of them (who were crying short as recently as last week before we broke out of the ascending triangle formation) got done pretty badly.