I think by stretching your daily chart out you may find your suggested ascent a little less dramatic and more reasonable to readers.
There is a common pattern appearing which I personally believe relates more to sentiment than anything else at this stage.
The beginnings of the September 20 rise related to options getting converted followed by some announcements on nanotech and Hammerhead and the November spike was the excitement around concrete testing.
Not saying you are incorrect. We are in a higher price channel now but the pattern is very similar. IMO
ADN CHART, page-5286
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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¢ | $20.41K | 3.031M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 9452973 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 7669185 | 22 |
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| Last trade - 13.04pm 11/11/2024 (20 minute delay) ? |
| ADN (ASX) Chart |