RE: ADB TA chartsWhile the chart patterns show significant similarities. But ADB is a quite different company, in fact, it has almost nothing in common when compared to the same company with the previous two projects before. The previous two projects completely failed (CBM in north, and silver project in Mexico), it is a completely US gas company (mostly in CBM, but with some conventional gas).
The issue is whether Steve can execute what he said he would carry out, and also whether he can continue to get new CBM projects at low cost like before.
Anyway, if ADB announced another good news, all the charts will be off.
If the stocks continue to go down without any news, I guess some bad news will be out 6 to 8 months later. With $12M in the bank, I guess the chance of getting another good news will be better than bad news.