My 20c worth, FWIW. Time frame is everything & my timeframe is not everyone's timeframe & I don't particularly care what view anyone else holds.
The chart is a daily chart with just over a years worth of data.
In my preferred medium term timeframe ADN is in an uptrend typified by a series of higher swing highs and higher swing lows.
In a shorter term timeframe ADN is in a trading range bounded by support @ 24c with resistance @ 36c.From my trading perspective I will be seeking to top up my holdings towards the bottom of the range around 25-26c with a stop below 24c for any additional tranche. I look for a change in momentum followed by a change in trend.
From a FA perspective the geo-political risk of the LOI's that are outstanding are predominantly Chinese buyers with the only BOA for a relatively small amount of production.
ADN CHART, page-4559
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.14M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $13.88K | 1.635M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 13605015 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 16195976 | 20 |
View Market Depth
| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| ADN (ASX) Chart |