Pengui, I've just looked at the chart & you are right most of the time it is a P&D, however, if you look at major trendlines, they most often are breached on the fourth attempt, If news comes through that a JV is underway, then the major trendline would become a cross trend. If it fails to come to fruition, then obviously not a pretty sight, we will slide into oblivion.
It looks to me like we will consolidate a bit in a squeeze under the trendline before breaking out accross & possibly spike in anticipation of JV news. Short term it might go all the way back to 1c in the squeeze, hard to say for sure.
If we do get JV news then the cross trend comes into play, I've marked a few potential resistances. I do agree 1.5c may be a resistance, but will easily be obliterated on any JV progress.
WARNING: novice chartist at work DYOR, this is just my opinion.
Pengui, I've just looked at the chart & you are right most of...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.51M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1256630 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1128915 | 3 |
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| Last trade - 16.14pm 20/06/2025 (20 minute delay) ? |
| ADY (ASX) Chart |
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