As I have warned, Hotcopper retail along with daytraders would have bought this at 2.2c to 2.4c chasing the price, getting a bad entry and some intraday traders and T2's would have been cutting losses into the low volume retracement as the Market Makers pick up loose shares
ADN officially 1 month without news, got pushed up on a Broker Upgrade and has now done the low volume retracement where I was advocating to NOT chase price and instead look for a Dip Buy
I am back in, as a Holder LONG on the stock (as there are no shorts available and I wouldn't be shorting it here either when the day to short (if there were borrows) was into the spike, or the next day where it didn't continue.
For me, this stock is still in play and has legs for a move north towards 3c once 2.5c - 2.6c is reclaimed again. I suspect HOTCOPPER will BUY again, at 2.5c or 2.6c on the Breakout
Signs to look for would be a hard stack of 2c Buyers again for a signal that next week we may see News or another follow up spike. Good luck holders and please, don't make the same mistake chasing up high when we should be buying low and selling high or buying high, to sell even higher!
SENTIMENT: BUY
POSITION: HELD
DYOR to each their own! I have outlined the risks and traded this when NOBODY had interest in it!
ADN CHART, page-5636
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.75M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $48.48K | 7.056M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
65 | 22147619 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 12631090 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
61 | 20815619 | 0.006 |
32 | 17540526 | 0.005 |
9 | 9325000 | 0.004 |
6 | 9448333 | 0.003 |
5 | 9650497 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 11854292 | 11 |
0.008 | 11305421 | 19 |
0.009 | 14748242 | 13 |
0.010 | 9107806 | 14 |
0.011 | 15087431 | 8 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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