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ANDROMEDA METALS LIMITEDANDROMEDA METALS LIMITEDANDROMEDA METALS LIMITED

ANDROMEDA METALS LIMITED

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ADN trade ideas

ASX:ADN BullishLooking at this low-risk setup on ASX:ADN Breaking of key resistance and bull hammer off support, fractal targets aligning with TB Fib Extension targets at potential levels of resistance on the way up. MACD & VSLRT looking Bullish. Risk Management and Position Sizing are key as this could always FAIL Support and return back down to @.26 Support "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:ADNLong
by Trader_Johnni
1
Options conversion overhang - Descending triangle setupUnderstandably, a number of shareholders that have converted options (or intending to convert) seem to be liquiding positions which has pushed the SP back down from the previous high. Support at 13 seems relatively strong but it is also creating a support zone of a descending triangle. If this is breached (close below 13), then the unlikely retrace zone at the 61% fib line of 10.5 is in play. Bargain opportunity if this potentially occurs.
ASX:ADN
by hlncapital
ADN drop Mic!Andromeda Metals Limited, formerly Adelaide Resources Limited, is an exploration company. The Company is engaged in the exploration for gold, copper and other economic mineral deposits. It has interests in over 20 exploration licenses, covering over 7,970 square kilometers (sq. kms) within South Australia, Queensland, Western Australia and the Northern Territory. Its projects include Drummond, Eyre Peninsula, Moonta, Rover and Lithium. It holds equity in two tenements (EPM 18090 and EPMA 25660) in the Drummond Basin in Queensland, covering over 270 sq. kms. It holds 100% equity in over five tenements covering over 3,640 sq. kms on the northern Eyre Peninsula in South Australia. It owns Moonta Copper Gold Project located near the southern end of the Olympic Copper-Gold Province in South Australia. It holds 100% equity in over two tenements in the Rover Field located southwest of Tennant Creek. Its lithium projects include Davenport Ranges, Coolgardie and South Australian Salt Lakes. $ADN ST to MT catalysts - Scoping Study release - Offtakes to continue - DSO cash flow opportunity - $EVN gold tenement JV/farm in exploration activity Target 14 cents?
ASX:ADNLong
by Bipolar_trader
2