Why ADN could go lower24 Jan 2014 10:49
The share price drop is due to the issues emerging market economies face because of poor economic statistics from the USA. They're also reacting to any tapering which removes the supply of cheap US Dollars to expand their economies. As ADN invests in emerging economies, that's bad for their business, hence the SP drop. I too see the RSI low, but other chart indicators e.g. MACD are still on the way down and the SP could retrace back to lower lows e.g. 370 or even 350. So I'm keeping my options open for now and not investing. Comments please?