Haven't posted for a while, but here is my two cents.
Not seen on chart but the gap at 17.5c has just been closed after bouncing off critical support at 15.0c. Resistance is sitting at 18.5c, and is a key point we need to break through moving forward.
MACD is looking to cross, and hopefully the upwards momentum can assist in moving ahead.
Looks like now the shorts are starting to exit, which is that last big red volume day and the following you can see.
This buy back has helped in bouncing off critical support, but has not provided the sharp rocket upwards that I think a lot of people expected
Overall we need to crack the 18.5c mark IMO to see a potential reversal. 15.0c must also hold, and I believe it will due to SPP.
ADN CHART, page-5015
Add ADN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.0¢ |
Change
0.001(2.63%) |
Mkt cap ! $55.98M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 2.0¢ | 1.8¢ | $117.5K | 6.290M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 487580 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 6067156 | 22 |
View Market Depth
| Last trade - 14.00pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
1.8¢ |
Change
0.001 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 1.8¢ | 1.9¢ | 1.8¢ | 5611067 | ||
| Last updated 14.19pm 06/05/2024 ? | |||||
| ADN (ASX) Chart |