Where is it gonna go?Have looked a bit at ADDV_B and it has not had the best start to its adventure on the market.
On the chart I have made a trend line and as can be seen, it has been in a down trend since it started back in 2015 year.
After its last fall to an all time low D 13 Dec 2018, it has otherwise been in line for D 14 April 2020 - However, it breaks out of the trend line as shown with orange circle at the end of 2019.
It is above MA 200 which means it is in uptrend, but MA 20 and 50 are very volatile.
RSI - It is below average and at about 41, but if you throw the RSI on your chart he you see that it bounces up from here 70% of the time. (however, the past is never a sign of the future)
MACD - has been in an uptrend, but is closer to neutral now, but with declining negative momentum, so that is a good sign, but it can also just take a break.
If you are in the stock, I would like to see what way it goes, but it can also be in range here for a long time (price 0.900 - 1,400) as it is two strong support lines, but I would sell from if it came under last support line
If, on the other hand, it slips over the top support line and stays over, you could possibly supplement up or just move up your SL so that you do not lose profit if it wants to under the support again.
If you are not in the stock I would personally wait until it was either above the support line or take a bigger risk by buying at last support and making a tight SL below last support.
If it smokes below MA 200, it's not exciting enough for me. this is not a recommendation, just what I think and what I would do
Disclaimer: is not in the stock.
