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ADRIATIC METALS PLC ORD GBP0.013355ADRIATIC METALS PLC ORD GBP0.013355ADRIATIC METALS PLC ORD GBP0.013355

ADRIATIC METALS PLC ORD GBP0.013355

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ADRIATIC METALS - ADT - ASXCHART SETTINGS =============== Chart is Logarithmic Weekly Timeline Green boxes are FIB to the upside drawn from major pivots (marked with yellow dots) . In the box, 0.382 = top of box and 0.618 bottom of box Red Horizontal box = Major Support/Resistance zone Black Inclined Dotted line = Major Support Trend line ABOUT THE COMPANY =================== Adriatic Metals Plc is a precious and base metals explorer and developer that owns the world-class Vares silver project in Bosnia & Herzegovina and the Raska zinc deposit in Serbia. Market Cap = 1.07Billion (20/07/2024) WHAT I SEE IN CHART =================== ADT in its Logarithmic setting seems to respect the Black dotted trendline. It acted as support in the past. In the last 2 touches to the Trendline, the price also visited the FIB 50 levels of that move. This time, while its touching the Trendline, the Price just visited the 0.382 FIB level. The Horizontal Trendzone (red box) acted as support and resistance in the past. On the FIB extension there is a 1.618 to the downside. Price at that level is 3.02 (Psychological number too) THOUGHTS ========== Will it respect the Horizontal Trend Zone and Inclined Trendline this time as well ? It may pierce through both these down to FibExt 1.618 and even further down to the FIB 50 and and grab the liquidity from there, before it goes up. Need to wait and watch. It may go side-ways for sometime as well.
ASX:ADT
by stmstratum
$ASX #ADT - Adriatic Metals - Gaining momentumAdriatic Metals PLC is a United Kingdom-based mineral exploration company. The Company operates through two Veovaca Project and Rupice Project. Veovaca Project has completed a 16 hole, 1,381 meters diamond drilling program. Rupice Project has completed an eight hole, 1,458 meters diamond drilling program. The Company's exploration concession covers two main advanced polymetallic projects located near the town of Vares, which is approximately 50 km north by sealed road from Sarajevo, the capital city of Bosnia and Herzegovina. Picked up some ADT. Nicely trending chart with some momentum.
ASX:ADTLong
by zAngus
ADT, Zinc play waiting for a KaZing moment Following this company recently which has surfaced with some phenomenal hits on its Eastern European tenements. 4 drills on site, big hits and a recent ann regarding land expansion. Enough cash on hand till the end of the year. Fundamentally, a geo friend has said theyre sitting on some massive resources and should easily be able to double in valuation from current position with proper resource definition. In June/July, the stock pumped 300% in a short period of time and has since drifted on relatively very low volume. There seems to be 'support' at around 38c, but it will be interesting to follow as technically it is approaching oversold range and coming news catalysts will be more drill results as the campaign continues till EoY. Hold and wait, coming few days should be interesting. Waiting for a movement either way on volume. Probabilistically it should probably trend upwards.
ASX:ADT
by increddyble