Hi all, TA comparison btwn two MGT & ADN; for discussion as...

Hi all,

TA comparison btwn two MGT & ADN; for discussion as there are similar trends. Disclosure I hold both.

MGT;

• Currently below the ichimoku cloud on daily & 4 hourly; which indicates it is in a downtrend
• Below the EMAs, which shows limited support
• Passed the 61.8 retrace, so the 76.4 is next potential support
• MGT started downtrend end of june
  

I've only included ADN to show similar TA trends on the reversal as both companies have had a solid run up since the H2 2020. Note: ADN has had a number of external factors (i.e. shorting, CR, + others) impacting, this is only looking at it from a TA perspective.
ADN;

• Finding support at 76.4;
• EMAs (20) just starting to support the SP
• Has tested the cloud one (around 10 June), and will need to break the cloud again to resume an uptrend
• ADN started downtrend end of march

all IMO, from reading tea leaves, please DYOR, and share alternative views.