ADR

5.56%

1.7¢ adherium limited

An update to this idea: good to see recent demand entering this...

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CheshireGrin

288 Posts.

14

08/03/18

18:33

Post #: 31628818
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Originally posted by tambarino ↑

It has been a while since the topic of the chart was last raised. I prefer to focus on fundamentals, but it is hard to ignore technicals after such a horrid down-trend (the trend has certainly not been our friend).

Here are my thoughts: the bottom appears to be in at 6.8c. The move up from this level has been gradual, rather than sharp, which strengthens my belief that this was the bottom. I had previously called a rounded bottom at approximately the 9c level, but this was, in retrospect, premature. A rounded bottom pattern formed across 20+ weeks would prove to be much more conclusive. True demand now needs to enter back into the stock to force any kind of sustained movement upward.

I am of the belief that the current price level will prove to be cheap in the years to come, although there is plenty for the company to prove yet.

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An update to this idea: good to see recent demand entering this stock. The rounded bottom pattern is continuing, and we have seen recent upwards movement following a long period of consolidation. I would like to see the 14.5c level breached and support maintained at that level. 17c and 22c appear to be the next logical resistance levels following this.

ADR Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 1.7¢		Change -0.001(5.56%)		Mkt cap ! $12.89M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.7¢	$2.208K	128.2K

Buyers (Bids)

No.	Vol.	Price($)
1	58000	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	100075	2

View Market Depth

No.	Vol.	Price($)
1	58000	0.017
4	711980	0.016
3	247497	0.015
2	431425	0.014
1	83330	0.012

Price($)	Vol.	No.
0.019	100075	2
0.020	120100	2
0.021	391000	2
0.023	40000	1
0.024	300000	1

Last trade - 14.12pm 02/08/2024 (20 minute delay)

ADR (ASX) Chart

An update to this idea: good to see recent demand entering this...

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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An update to this idea: good to see recent demand entering this...

Top Stories

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GreenX picks up prospective copper project in Germany

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Westgold sets its sights on top five producer status through merger with Karora

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

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Featured News

Buyers (Bids)

Sellers (Offers)

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