Andromeda Metals (ADN)

Discussion in 'Stocks & Derivatives' started by scott_reeve, Sep 28, 2019.

  1. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    More specifically halloysite, a form of kaolin.

     
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  2. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    SP trend not in a good place at the moment. I'm keeping an eye on the 9c - 14c mark.
     
  3. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    Yeah, the near 50% drop in the last 6 weeks has caught my attention. Might be a good buying opportunity once the trend starts showing signs of stability/reversal.
    I figured it might be worth educating myself on both the mineral & the company in the meantime.
     
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  4. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Post on HC shared a link about halloysite:

    https://www.frontiersin.org/articles/10.3389/fbioe.2020.00451/full
     
  5. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Slowly approaching my buy range, but I’d be surprised if it gets there. Keeping an eye on MEP too, I’m hoping for under 0.08c.
     
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  6. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    What did you make of today’s price action @mmm....shiney! ? Confirmation of bullish reversal after a double bottom on the charts? A bull trap?

    It’s certainly been a savage correction in SP, but happy to say I have diamond hands on this one. Looking forward to DFS still soon and hopefully a couple of BOA’s before then, and hopefully larger than the initial one signed a few weeks back.

    Here’s hoping you were able to pick up a decent parcel near the (hopeful) bottom!
     
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  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I'm not sure if we've seen conformation of a reversal but it's certainly indicating that potential.

    I'm not much of a tech analyst, maybe someone could explain why these two charts show a slightly different result.

    1. Normal candle chart, solid green candle above the last two red ones indicating potential reversal:

    Screen Shot 2021-05-13 at 8.07.23 am.png

    2. Heikin Ashi, wick top and bottom, not as confident:

    Screen Shot 2021-05-13 at 8.07.36 am.png

    RSI moving up though.
     
    Last edited: May 12, 2021
  8. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I'm going to see how tomorrow pans out. I have two stocks that are indicating a potential reversal and only enough cash to buy one. I'm leaning toward a reversal for ADN but not necessarily buying it over the other stock at the moment.

    Edit to add: but then ETH is presenting a compelling case with its recent fall and its upside potential is just.....

    Let's say, multiples.
     
    Last edited: May 13, 2021
  9. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I'd be happy to buy in at the current price of 0.195c as my shoddy analysis indicates a reversal pattern on the chart today and it's in an acceptable price range. Didn't get as low as I initially thought, so did some recalculations based on a different set of inputted numbers and ended up with a range of 0.17 - 0.21c.
     
  10. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    [​IMG]

    That's looking better.
     
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