ado - point and figure chart

Here is a point and figure chart for ADO - I have been watching this chart for some time now and I thought it was a good time to show it as P&F charts track price action not time and have been used successfully for over 100 years.

Each box represents a value of .002 and the weekly closing price needs to be 3 times that so .006 to print the next box or price has to reverse by that much to print a reversal box.


"X" is up , "O" is down

This is a good way for taking all the day to day noise out of the charts and is good for seeing when price is going to breakout following periods of consolidation.

Last week was a significant turning point in this chart - Lets see how it plays out