I would think that the fundamentals are driving this stock at this stage.
It takes alot of trades and volume and a certain stability in the business model to build up the trading history that can be analysised technically.
The chart isn't going to predict when the next announcement comes in and what it says.
Technical analysis uses the past to predict the future. But we dont have a past yet. We dont have any trading history yet.
We dont have anything yet ! Except our first ever commercial contract where the ink still isn't dry. Nothing has actually been sold yet. So the TA is going to have to wait a little while personally.
ADO Analysis, page-16
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 (20min delay)
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Last
2.9¢ |
Change
0.003(11.5%) |
Mkt cap ! $72.20M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.7¢ | 2.9¢ | $1.433M | 44.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 870964 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 511263 | 4 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| ADO (ASX) Chart |