[MEDIA]

First 4 Last

Share
Profile

Follow
>Russ<

6,439 Posts.

42

10/01/15

21:30

Post #: 14565168
Share

Originally posted by Twinvest ↑

Coiled Spring is exactly the right terminology PeterFred (as mentioned in his post on other thread)

As built up spring in fundamental progress also can transfer to the chart with a "spring"

And that is exactly what we got on Friday - a higher volume flush out below support in the 10-11 cent range

We have been in a nice accumulation channel between 11-16 cents for over 6 months building a cause for the next leg up.

Fridays action was a "spring" bar

Last good spring we had that broke support and cleaned stops was on Sept 18th 2014 which resulted in a rally back to the top of the trading range at 16c

This latter stage spring in the accumulation phase will look to be followed by a stronger move upwards that breaks through the top of the trading range followed by a back test into old support - Then the new trend will have begun

Also of note is that we are entering the converging point of the long term downtrend as well as the lower range of the accumulation channel

Only need to watch the trading action, bots etc to know there is non retail at work here - Their operation is to bore the bulls and suck their shares over a longer period of time has been happening since markets began

Company progress continues to increase

All IMO

View attachment 38337

Expand

ADO Price at posting: 11.0¢ Sentiment: Buy Disclosure: Not Held
44 Upvote

0 Great analysis

Reply

Top Stories

RSG

HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back

HAS

Yangibana 33% complete says Hastings, as it provides clarification on funding

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

BIO

Biome reaches intellectual property milestone in strain development program

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 247 more messages in this thread...

First 4 Last

Add ADO (ASX) to my watchlist

(20min delay)
Last 2.1¢		Change -0.001(4.55%)		Mkt cap ! $53.53M

Open	High	Low	Value	Volume
2.1¢	2.2¢	2.1¢	$56.13K	2.666M

Buyers (Bids)

No.	Vol.	Price($)
22	3943300	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	358504	5

View Market Depth

No.	Vol.	Price($)
21	3837170	0.020
8	3178000	0.019
15	3519391	0.018
8	2449748	0.017
2	920000	0.016

Price($)	Vol.	No.
0.022	358504	5
0.023	625000	3
0.024	200000	1
0.025	40000	1
0.026	226000	3

Last trade - 12.25pm 14/11/2024 (20 minute delay)

ADO (ASX) Chart

[MEDIA]

HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back

Yangibana 33% complete says Hastings, as it provides clarification on funding

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Biome reaches intellectual property milestone in strain development program

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

[MEDIA]

Top Stories

HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back

Yangibana 33% complete says Hastings, as it provides clarification on funding

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Biome reaches intellectual property milestone in strain development program

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News