ADO

3.67%

2.1¢ anteotech ltd

I do hope your right.

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26/10/18

12:37

Post #: 36272901
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Originally posted by Surges: ↑

In my humble opinion, the rally started days before the actual large volume pick up. Twice a large chunk was purchased, none sold.
The larger volume 2 days ago eventuated as short term traders hopped onto the movement, those are the ones selling, as I see it, after speeding ticket.
The speeding ticket is a guaranteed event for accumulators to count on as it has the standard response by company which can not share currently developments. Management tried to ease this situation by referring to progress, which is all they could do to appease shareholder concerns and provide a cautious guidance, basically telling shareholders that things are going according to plan.
Check price averages for that day to get a good idea of buying and selling ratio, in my books, we look at a net buy of about 20 mil shares.

The speeding ticket would cause short term holders to exit, their shares could also be absorbed by those who accumulate, all without a substantial rise in share price.
As can be seen now though, selling depth is exhausted to 2.1 cents, so the next rally up should lead close to 3 cents, IMO, in order to create a higher volume event again.

Eventually market will realise what is going on and price will have to appreciate, IMO.

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I do hope your right.

ADO Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.1¢		Change -0.001(3.67%)		Mkt cap ! $52.28M

Open	High	Low	Value	Volume
2.2¢	2.3¢	2.1¢	$7.812K	349.8K

Buyers (Bids)

No.	Vol.	Price($)
7	828094	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	1102151	4

View Market Depth

No.	Vol.	Price($)
7	828094	0.021
5	1491000	0.020
2	782500	0.019
6	1986058	0.018
5	1374748	0.017

Price($)	Vol.	No.
0.022	680000	3
0.023	22000	1
0.025	40000	1
0.026	76000	2
0.027	22000	1

Last trade - 16.10pm 15/11/2024 (20 minute delay)

ADO (ASX) Chart

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