ADV 0.00% 13.5¢ ardiden ltd

Happy Thursday ADV, page-58

  1. 10,499 Posts.
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    i disagree as the breach in uptrend was bad news in the st and confirmed with selling to horizontal support levels at mid 3s. the signals are bearish but some support evident and doji indicates a possible reversal. further other indicators are revealing levels of being oversold. is this breach temporary or a typical rinse and repeat cycle until the projects are further advanced. in reality adv is an explorer in the early stages of its projects. further this was under 1 c not long ago. from a ta perspective what we need to c is now a reduction in selling volume but more a period of consolidation. the previous channel needs to be reentered or a new one formed and most importantly the st downtrend or retracement trend needs to broken. otherwise any news st will create spikes that are sold into. i tentatively bought more at 0.035 and waiting for more at these levels.
 
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