For the first time in a while, ADA looks really good technically. The support level around $2.20 held, and (as pointed out by several others) the break above $2.50 or $2.55 is really positive. It's on good volume too.
I just topped up my holding this afternoon.
In the last couple of years, ADA management have tended to under promise and over deliver (upgrading guidance). We have only been promised "at least 10%" increase in profit for FY17, but I wonder what chance we have of an upgrade?
Even meeting that guidance would be OK, because there was some skepticism about ADA when they said the profit would be weighted towards the second half.
For the first time in a while, ADA looks really good...
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Last
48.5¢ |
Change
-0.015(3.00%) |
Mkt cap ! $36.96M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 48.5¢ | $3.469K | 7.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1182 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 1689 | 1 |
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| Last trade - 15.32pm 22/08/2024 (20 minute delay) ? |
| ADA (ASX) Chart |