Whilst we sit just above a major level of support....one should turn to volumes and pattern formations on the short term daily chart...My conclusion and my opinion are as follows. 1. we must remain above .23 2. Above .25 will be very bullish and .29 will be back in play. 3. Volume must decrease if prices remain at current levels ...irrelevant if price gets back above .25
P.S the .25 level is very important IF a close above .25 is achieved Monday or Tuesday then and imho we should get back up and weaken that major flood gate at .30 before exploding to the upside. imo On the flipside it would be ominous for the short term trader if .23 is breached. imo
we await the .25 level...god bless
ADO Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
