ADO 5.00% 2.1¢ anteotech ltd

I had mentioned earlier that ADO went through the same trading...

  1. 125 Posts.
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    I had mentioned earlier that ADO went through the same trading pattern in 2021. After having reached
    6.3 cents, to issue performance rights, to be pushed back to 4.8 cents where it churned on volume before moving above 10 cents.
    I see the same trading patterns unfolding this time and had called a 4.8 bottom, which so far seems to be holding.

    Trading algorithms kept price down several times in the last days when my buys had pushed price to touch 5.2 cents, clearly intending to not trigger any buy signal.

    All points to a breakout on news for which I have positioned myself.
    Geoffs 1 mil sale in Dec broke momentum and price was pushed into current trading range, even though I kept buying.

    Another stock of mine was recently held down in a similar fashion after a CR while I accumulated, currently breaking out with a 60% run on volume.
    One thing to look out for in the market are those scenarios when brokers work with an agenda and accumulate when fundamentals point towards meaningful news.

    If one positions on ADO accordingly, this stock is a very powerful trading vehicle.

    all IMO

 
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Last
2.1¢
Change
0.001(5.00%)
Mkt cap ! $51.83M
Open High Low Value Volume
2.0¢ 2.1¢ 2.0¢ $8.864K 422.4K

Buyers (Bids)

No. Vol. Price($)
2 433287 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 413515 5
View Market Depth
Last trade - 15.59pm 05/07/2024 (20 minute delay) ?
ADO (ASX) Chart
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