quote:
Originally posted by jeflalex:
What are your thoughts on ADOT? The company has a new product demo this month, annoucement of their initial contract sales of thier 1.5 million dollar flat panel billboards, and an IPO of Biomoda in the next few days. I have heard the specualations that they could return to their dollar a share value, but really looking to set my target price.
I put this on my watch list today. Using only TA, I see a nice base with a pan and handle formation building (top of the pan ~.04) and handle now at about 0.022 and currently building a triangle consolidation pattern. Great volume and it's trailing off. Looks good using TA. Didn't look at anything else. Do your DD.
quote:
Originally posted by uptrend:
I put this on my watch list today. Using only TA, I see a nice base with a pan and handle formation building (top of the pan ~.04) and handle now at about 0.022 and currently building a triangle consolidation pattern. Great volume and it's trailing off. Looks good using TA. Didn't look at anything else. Do your DD.
Uptrend nice point. DD is always key. Thanks.
quote:
Originally posted by Uptrend:
IMO ADOT Broke out of the triangle consolidation pattern to the downside today, I was hoping it would go the other way. I still like the chart but waiting to enter if it breaks to the upside.
Thanks for the update on your analysis. I am expecting news from them soon since they supposedly have a demo of their Color-Check product scheduled for today.