Here, I'll even show you an unbiased opinion of ADN and maybe give some "hope" to Pezz.
ADN - Daily chart.
Thursdays big down move and huge big volume is suggestive of a capitulation bottom.
Although I would have really liked to see a pin bar candle on Friday and not a Doji.
The high wick on the top of Fridays candle is suggesting that there is still more supply here and that selling may not have finished.
ADN is also stuck in the no man's land between the 2 sup/res lines where there isn't a whole lot of supply (or holders)
Price will likely go to either end of these to supply zones and by the looks of the top of the wick, it rejected the 24 res level so unless it can build a bottom here, probabilities points to it going lower.
If tomorrow has decent volume and the 23 level holds, then it's probably a good swing long trade from here.
That's how I see ADN behaving technically without any major fundamental catalyst.
Happy to see it from another way if there is another opinion.
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.75M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $48.48K | 7.056M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
65 | 22147619 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 12631090 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
61 | 20815619 | 0.006 |
32 | 17540526 | 0.005 |
9 | 9325000 | 0.004 |
6 | 9448333 | 0.003 |
5 | 9650497 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 11854292 | 11 |
0.008 | 11305421 | 19 |
0.009 | 14748242 | 13 |
0.010 | 9107806 | 14 |
0.011 | 15087431 | 8 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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