Should price break through 20 cents again, charts project a settle between 15 and 18 cents
and a break upwards above 20 cents would see remarkable resistance.
The reaction to the Philippine news was rather odd since our UK distributor news could not lift the price, even though I mark them as much more meaningful for the company.
That reflects an increasing amount of irrationality in ADO's trading pattern.
It appears that larger holders are propping the buy side and offloading just above that wall, at 20.5 cents today.
That has been ongoing since some time and all positive news were eventually being sold into which attributes to the weakness in the chart.
It is clearly not a buy at these levels.
Sept/ Oct could bring some fresh developments with the battery news but I doubt that market will be as gullable as it was with our COVID developments, which so far, have not created any revenue.
all IMO
Should price break through 20 cents again, charts project a...
Add ADO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.14M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.3¢ | $14.64K | 628.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 2785605 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 1158542 | 8 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
|
|||||
|
Last
2.4¢ |
Change
0.000 ( 2.17 %) |
||||
| Open | High | Low | Volume | ||
| 2.3¢ | 2.4¢ | 2.3¢ | 1060873 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| ADO (ASX) Chart |