Sciliams,
Generally look at bounce trades a few days after the spike high on the traders exit, usually at the bottom of the range of the spike high or in this case at ~24c if it look likes filling. Bounced well off 25c today on reducing volume which may indicate short term bottom is in, also the gap does not need to fill (there is another gap at 15.5c which didnt get filled).
Would wait for 25c support to be confirmed as ADN may drift back again without news, short term really depends on the next few results from its own drilling and also WGR.
See my recent posts on MSR and ACS, similar trades to what your looking at? Hope this helps. GL.
a possible gap to fill. Remember does not have to fill, there is gap on the chart back at 15.5c
Sciliams,Generally look at bounce trades a few days after the...
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Last
1.6¢ |
Change
-0.002(11.1%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.5¢ | $797.4K | 49.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2397883 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2031381 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ADN (ASX) Chart |