Well, one thing is for sure. The stacked buy-side has gone. We are looking at 1 to 1 now. So got me thinking with all those stacked buys someone sold into them. So now we have a truckload owning shares at 17c-18.5c shares. Revisited base 1 on the chart maybe
My suspicions are those who exercised their options cashed in. Can't be many more one would think. Some also getting out. The Market is generally pretty bad.
Wouldnt surprise me to see ADO bounce from here. SP was here on Sept 21, Dec 21 now Feb 22. On each occasion, a bounce occurred hitting resistance at 30c. With positive announcements all together possible again. If this is anything to go by in the past with this sort of retracement.
Trying to put a positive swing on it. Emailed the company again. A bit like P%^&ing in the wind!
ADO Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
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