Today’s inverted hammer could spell the end of the recent sell off. My only caveat is that Friday’s also often result in softer prices unless there is imminent news expected.
Therefore I would suggest that maybe the Stochastic has a little further to to fall, plus the 50SMA may need to cross the 200SMA to trigger a positive move back up. So mid next week perhaps.
The next run up should set the 78.60% fib as our new support IMO.
Positive news on receiving that govt research grant should do the trick.
[ATTACH] Today’s inverted hammer could spell the end of the...
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.42M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $17.98K | 2.248M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 60 | 30974136 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 101016 | 2 |
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| Last trade - 10.58am 17/10/2024 (20 minute delay) ? |
| ADN (ASX) Chart |