Hi all chartists,From having a look at the weekly chart there...

Hi all chartists,

From having a look at the weekly chart there seems to be, what look like to me, long legged doji's that have occurred over the past two weeks.

The MACD's EMA crossed over the MA a couple of weeks ago and the RSI looks fairly neutral.

From watching the shenanigans over the past couple of weeks, I have noticed that whenever there is a sell down then a small number of shares, between 50 and 200 is then bought off the higher sell stack.

For example there was this afternoon 22,779 sold at 7.1 c at 3:18 and three minutes later there was 200 bought at 7.4c.

This pattern occurred 4 times today and has been occurring for weeks

From looking at the weak buy side with half the volume sitting in props at 5.9 and 6.0 cents, I wonder if ADO is being set for a tree shake to test the stop losses?

Just my thoughts

Anyone care to throw in some technical know how and a chart maybe?

Has anyone seen this before?

Is it a bull trap?

Ok interested to hear your thoughts

Over to you