Fair points there.
We will be able to judge this better in 2 weeks from now.
We were told news would be arriving towards end of the year, so early twitching and tentative rallies are not ill timed.
In my view, should ADO have a 20 % chance to be that company to provide significant improvements to longevity and
storage in batteries, novel components, larger companies already would hedge their bets, that is what I would do.
Compare it to companies going carbon neutral 10 years ago before climate change became a dominating corporate
topic in down under this week, and may that only, in this case, for political reasons for the Liberal Party to chase the younger vote.
Good business is to be in early and control events, not chase them.
As I see it, the volumes yesterday were way too high to be driven by one single trader or small trader unit, as some hunt in packs.
This was deeper pockets and if we see follow up rallies and volume days, we will know more for sure.
IMO, ADO becomes a bet one wants to be on the right side on, should this move, as chasing it after news could prove extremely costly.
See after hours action to make sure price was down on minimal volume exposure, this is text book.
Somebody wants in, IMO.
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $54.77M |
Open | High | Low | Value | Volume |
2.1¢ | 2.2¢ | 2.1¢ | $83.79K | 3.987M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 2097105 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 236994 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100045 | 0.017 |
12 | 5392623 | 0.016 |
6 | 1570373 | 0.015 |
5 | 1270000 | 0.014 |
2 | 1045000 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 165394 | 4 |
0.019 | 555555 | 1 |
0.020 | 469389 | 4 |
0.021 | 105917 | 1 |
0.022 | 1013156 | 4 |
Last trade - 15.40pm 19/11/2024 (20 minute delay) ? |
ADO (ASX) Chart |