From a strictly chart TA perspective, ADO “may” complete its run...

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    From a strictly chart TA perspective, ADO “may” complete its run to macro bottom in the following weeks. There are a number of signals for myself that see a reversal in very near future. Will ADO go to a new ATH, I cant be looked that far ahead as yet, but coming off a macro correction to a macro bottom, while moving from an RnD phase into actual sales and production, and a positive bank balance, i feel comfortable to adding to my exposure at these levels. The chart shows this will be the 3rd time printing a pattern sequence to the macro bottom zone, since JAN 2009, where the same divergences EMAs, Stoch and candle print sequence show the reversal is very close and macro bottom confirmed. I see the rotation of money into what would be seen as safe sectors in a macro market crash correction. Energy and Health, ADO covers both of these sectors that are seen as defensive stocks to hold in a market crash - correction. I have been purchasing and adding since 1.9c, and previously posted very possible bit lower and these zones would provide some nice accumulation entry zones. Would i bet the farm on ADO no, but can view the charts and see it as possibly a great buy at this range, and a company if management get it right has some huge upside from a macro market cycle chart perspective. Once a bottom is confirmed in the near future, i see ADO stair casing up and out over a number of months and the bigger impulsive moves to the high later this year possibly May-June-July. Chart below is on 2week TF, and shows the exact same divergences and pattern sequence that show before an accumulation phase then a run up. As this is the third time this has occurred i like the chances, this is the real time for it to go to an actual ATH, as it moves to production and sales. NFA and DYOR just my views strictly from a macro market cycle pattern structure, safe trading https://hotcopper.com.au/data/attachments/6878/6878590-b454663fd29efd277dcfd187df68086b.jpg
 
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(20min delay)
Last
1.1¢
Change
0.001(10.0%)
Mkt cap ! $29.75M
Open High Low Value Volume
1.0¢ 1.2¢ 1.0¢ $32.31K 2.881M

Buyers (Bids)

No. Vol. Price($)
6 2081983 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 803564 5
View Market Depth
Last trade - 16.10pm 18/06/2025 (20 minute delay) ?
ADO (ASX) Chart
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