From a technical perspective I think the real breakdown happened in the first week of May when the 5 day EMA crossed below the 30 day EMA.
Been on the slide ever since after it became obvious that CE approval wasn't going to unlock fabulous riches overnight. I was certainly one of the believers early on. Going to be a slow burn from here until ADO finds a new sustainable low and evidence of sales revenue is revealed.
From a technical perspective I think the real breakdown happened...
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.36M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $33.18K | 1.658M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2717347 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 723484 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ADO (ASX) Chart |