Andromeda Metals (ADN)

mmm....shiney! said:
SP trend not in a good place at the moment. I'm keeping an eye on the 9c - 14c mark.
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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.
 
Post on HC shared a link about halloysite:

Neurological disorders that are characterized by unpredictable seizures affect people of all ages. We proposed the use of nanocarriers such as halloysite nanotubes to penetrate the blood–brain barrier and effectively deliver the payload over an extended time period. These 50-nm diameter tubes are a natural biocompatible nanomaterial available in large quantities. We proved a prolonged gradual drug delivery mechanism by the nanotube encapsulating rhodamine isothiocyanate and then ionomycin into brain microvascular endothelial cells (BMVECs). Through delayed diffusion, the nanotubes effectively delivered the drug to the primary BMVECs without killing them, by binding and penetration in time periods of 1 to 24 h.
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https://www.frontiersin.org/articles/10.3389/fbioe.2020.00451/full
 
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.
 
mmm....shiney! said:
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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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!
 
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.
 
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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.
 
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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.
 
nhPMC9Gv.png


That's looking better.
 
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