wisetyler
Long

Potential Play on ADH from $2.05 to $2.13

ASX:ADH   ADAIRS LIMITED
Identified a symmetry pattern present on the daily charts and supported on the hourly charts too. On the daily charts there was a symmetry of 14 bars, with varying % gains. These symmetry positions are taken from an upward analysis, given the stock appears to be trending down (based on shorter time frames).

The hourly chart also supports the entries, however, due to the smaller time frames, there are multiple clusters, but the entry position of $2.05 (zone) to $2.13 (zone) is supported.

From a 15 minute to a 5 minute chart pattern there is no support of this theory.
Trade closed: target reached: Exited at $2.16

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