ADO Analysis, page-4192

My amateur and rough charting, so go easy.

First one here shows a snapshot earlier in the day when it was at 11c at looking to breakout. You can see the long term uptrend support and the shorter term down sloping resistance forming a flag. There has been other resistance at 11.5c.



The next chart shows the end of day close breaking through the down sloping resistance. I think it needs to confirm the break by getting through 11.5c. If it clearly breaks 11.5c with volume then I think we are onto the 3rd wave of the Elliot Waves.




As I said I’m an amateur at charting so take what I’ve put here as fun and not as any sort of advice.