@vulcarum It’s not much different from the last recent chart I...

@vulcarum

It’s not much different from the last recent chart I posted, still gaining on the breakout. However, the RSI looks like it’s breaking into an overbought zone. Not much action on Friday, so still holding ground..

Rally Within Longer Term Bearish Trend
Showing strength within a longer-term bearish trend. Its MACD is above the signal line and shares are presently 0.1% above the 200-day moving average. However, that moving average is declining, implying that caution is still warranted.

Strong Bullish Momentum
Momentum for ADR is strongly bullish. The 14-period Slow Stochastic oscillator is above 80, the level which many analysts call overbought. This means that investors have been actively purchasing shares and driving the price higher.

The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.

Bollinger Bands Signal Volatility Squeeze
Volatility, measured using the width of the Bollinger Bands , is extremely low, resulting in a condition called the Bollinger Band Squeeze. Bollinger Band Squeezes tend to precede major price breakouts, although they do not predict which direction the new trend will take. Trend and momentum indicators can be useful during Squeeze conditions to help discern the direction of future trends.



This stock has shown in the past that with any decent news it can spike fast and hard, mainly because it is tightly held. So in my opinion it could easily run to 4 to 5 cents in a single day, a 300 to 500 percent spike is very achievable for this stock.

Brokers, for some reason, are still valuing this close to the 10 cent mark, which I honestly find over the top. But hey, anything can happen in this game. It is long overdue for a true re-rate.

That said, I would actually like to see it consolidate more on the way up. It would be nice to see it sitting around 1.5 cents before any ground-breaking news. At this stage, I am happy just to see it gaining. I am always a bit dubious here.

ADR may finally be getting some traction. The ongoing conversion of oppies by management, that do not expire until November has me intrigued, I have even considered converting my own oppies.

I am strongly of the opinion that a takeover could be on the cards. I am not sure why else they would be converting the oppies now, other than to support the company and prevent a capital raise and further dilution, possibly because they know something meaningful is about to change.

Who knows, anyone’s guess at present. My money is on a takeover. Hopefully, if that is the case, it does not get taken for peanuts.

This stock has always been held down by the big boys, sold down, then accumulated. Regal was the worst for this. Hopefully us retail holders finally get something for the long-term hold.