Hi. Can you be specific about what you see in the chart that suggests the stock is oversold? I've just looked at a few indicators on both weekly and daily charts, slows stochastic, bollinger bands, twiggs money flow, MACD, RSI and none of those indicators are telling me this is oversold.
I sold out a couple of weeks ago and I did buy a small parcel this morning (hedging my bets) but the chart is telling me there is further to go with this retracement. I've got another order sitting in the market and I might stack a few buy orders at lower prices.
Are there any Elliot Wave practitioners here? Are you expecting an ABC correction from the 17 March top? If so, are we still in corrective wave A? Maybe wave B has started with another leg down to come.
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.87M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.6¢ | $15.87K | 963.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 3664858 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2736651 | 6 |
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| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| ADN (ASX) Chart |