ADO is a speculative stock that I wouldn't normally trade but for whatever reason I quite liked its potential. Price seems to have made a Wave 1 and 2 in terms of Elliott Wave and, if correct, this would mean price is on W3 which is the strongest rising wave of a price cycle. Price has broke above a downtrend which is a buy signal and it has also made a higher trough. Should price continue to move up through $0.30 it will make a target of $0.39.

ADO 22Oct21

Contact

Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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