Well this could be support...however, the Dow futures are red and tomorrow is another day....
I believe that if the market had been stronger ADO would have held 6c.....
A 50% retracement from a new high is quite common but the market context has to be supportive...and right now it isn't....
The first chart below is the 60 minute...there is bulllish divergence between the RSI and the price which is a good sign...
The second is the weekly which gives the bigger picture and shows quite clearly what an important support level 3c is..
cheers
BTW these are only possibilities not absolutes:-)
finally support?
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1.9¢ |
Change
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Mkt cap ! $46.90M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1445271 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 238316 | 3 |
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| Last trade - 11.04am 09/08/2024 (20 minute delay) ? |
| ADO (ASX) Chart |