ADN 5.00% 1.9¢ andromeda metals limited

I see the ADN is sitting a few lines of support at .27 to .28 ,...

  1. 106 Posts.
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    I see the ADN is sitting a few lines of support at .27 to .28 , which i've used as a top up opportunity.

    1) This can be the 38% Fib Retrace from the Covid low to the most recent high
    2) 100 Daily EMA giving most recent support .28
    3) 20 Weekly EMA giving support at .285 (not shown)
    4) Daily RSI oversold below 50 sitting around 37 RSI
    5) Daily MACD showing signs of oversold and potentially shifting

    Looking at the Ichimoku it looks like there may be some challenges breaking out in the short term until the daily can find support above the .36 to .38

    Next Technical TA target high (depending on which news comes out) would be .56

    All IMO and please DYOR; open to feedback and suggestions, and excited to be on this ride

    https://hotcopper.com.au/data/attachments/3088/3088849-3bdd8660269a9f4e6b54fdef635bac92.jpghttps://hotcopper.com.au/data/attachments/3088/3088854-32c3eb87f63ed0efb3d37b9cdc3373ca.jpg
 
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