Short Term Summary for ADG.Bollingers starting to open up but...

Short Term Summary for ADG.

Bollingers starting to open up but slightly trading outside range - Short term resistence 1.3c to 1.5c. Great that they are spreading open
RSI - Slightly oversold short term. resistence above at oversold levels. Does not meen it cant go higher.
MACD - Blue/Orange lines seperating a little to far for my liking with Histogram +ve. MACD above 0 is good short to medium term

Will sit around these levels without announcement on drilling results. It will allow some of the indicators to go lower leaving further room on upside to reach over 2c in near term.IMO. Keeping close eye on the bollingers to hug movement on top line. Better the stock moves slowly up and genuinely builds from here.

On the bearish side it has left a gap below which requires filling at 1c but be careful analyzing gaps on Commsec as they seem to not include some 'Chi Ax' trading in charts. Seems to have happened on other stocks as well. Thats why you should use separate Charting tool with many more indicators and accuracy than Commsec (basic chart tool).

All above is opinion and indicative only. My opinion is just that. GLTAH. Bit of a U formation recovery also happening from last peak.