ADO Analysis, page-13

The problem with charting this currently is the fact that we are moving into 'unchartered' territory, basically into a rerate over the next few months to a year. IMO.

Charting makes most sense when historical data can be used to attempt to predict future events, projecting past price developments into the future.
Works well with stocks which are consolidating after a run, or stocks which run on similar volumes over a prolonged period of time.

In our context, since, as I see it, the stock is on the verge to be entirely revalued, only past resistance/ support levels might play a role in trading.
The stock will break out of its trading range so massively that it will hit resistance and support levels from several years ago.
This currently plays itself out at our old resistance/ support base of 2 cents.
The first of many, IMO.

What needs to be incorporated is the "overhang" from the recent CR. This has its very own dynamic in form of added liquidity, another major input into charting.


As for ADO right now, we are consolidating just nicely, on very low volume and an almost stubborn reluctance of price to drop back to FIB levels one would expect after a recent rise we just enjoyed.
Why is that?
A swap between larger holders took place on Friday, of around 10 mil shares.
Somebody took a stake. right before our trip to Japan, interesting timing, no?
This might be ongoing, there might be more to come, hence the hesitation by market to commit to buying market would anticipate that there is more of the same to come, making it very hard to lock in short term profits.

Instead, more buying at 2 cents occurs on smaller volume.

This will move unpredictably again, same as last time, strongly and surprisingly....or maybe not so surprisingly...)


Once we broke through several other resistance/ support levels which we marked on our move from 7.5 cents down to recent levels, charting will become a powerful tool to predict once again where we might be heading.
In the moment, this stock has momentum written all over it.

I see this momentum carry us back to 7.5 cents within half a year.

all IMO