Let's take a deep breath, in the space of 12 months its gone from $1, to peak at +$3.50 and now back to $2.50. This is not unusual for growth stocks. The unknown stock, becomes the excitement stock which recedes to panic on the back of no explicit company guidance (the market is full of lemmings) and now we are stablising. That's the extent of my technical analytical capabilities.
More importantly to me, in todays presentation, a couple of very interesting pointers ..... in particular, "the opening order book for FY17 was the strongest opening in the Company's history".
ADA Price at posting:
$2.56 Sentiment: Buy Disclosure: Held
