ADN 5.88% 0.8¢ andromeda metals limited

ADN TA and Charts, page-15

  1. 761 Posts.
    lightbulb Created with Sketch. 1262
    No it doesn't look good Guemer. What P's me off is that it is mostly small volumes and trades, which suggests manipulation and capitulation retail holders. Had a look at the Shorts and they haven't ticked up that much in the last month on what thet already were. Not much room on the bone for shorters either, plenty of others to play with, IMO.
    As for my manipulation comment. Mondays trade was so obvious, I suggested a turn around last friday, it was trading well up to the 8ema, then was smashed down on the intraday chart. I would like to know who's in the data room? Are they at play here? As in they will receive more shares or options the lower the price? Especially given that this SP decend is in the last month after all the GREAT ANN's we have had.
    I think the uDFS will be good, if not great, as I do not think BK would piss the share holders off. He knows better. IMO of course.
    As for the chart. Look at all the tails in the last 2 weeks, manipulated down throughout the day, then bulls close it out a pip higher. Today would be really good if we can close out at 03.
    RSI now to historic low, at 28. Volumes are normal, so no big dumps, just retail trades, or BOTs at work.
    Short chart not increased that much.
    As also stated, Fundamentals still outweigh TA on the stock. Until we get the uDFS and financing sorted.
    I just WISH RETAIL would wait 2 weeks! Stay strong FFS!
    DYOR n all that.
    https://hotcopper.com.au/data/attachments/5478/5478605-046212fc3443264ee96bfea20f9f4d41.jpg
    https://hotcopper.com.au/data/attachments/5478/5478609-ef950de07e9a82ff8b4e4fe360dfe179.jpg

 
watchlist Created with Sketch. Add ADN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.