AD8 has been in a downtrend for about 12 months, but it seems to have broken the drought by closing for more than 2 consecutive weeks (6 actually) above a valid weekly downtrend to make a technical buy signal. Since its low in May it has made a higher peak and a higher trough. Should price continue to move up to close above $7.66 that would be another buy signal with a potential target of $9.00.

AD8 24Jun22

Contact

Robert Norman

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

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