Adcore Inc. (ADCO:TSX.V) is a fast-growing digital advertising platform whose business is booming. Its chart looks very positive, with it looking ready to break above the nearby resistance shown, which should lead at least to a run at the February highs. It is therefore rated an immediate buy here.
The stock was the subject of a buy alert before the open that read as follows: "Adcore (ADCO.V, CA$0.71), whose fundamentals are very favorable, looks ready to make a move and is rated an immediate buy. We will review its chart later today."
Adcore Inc. closed at CA$0.71 on June 5, 2020.
Posted at 11.20 am EDT on June 8, 2020. E-mail buy alert posted before the open.
Footnote: Following the e-mail alert and while this short article was in preparation, Adcore broke above resistance and is currently trading at CA$0.75.
Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years' experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.[NLINSERT]
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Charts provided by the author.
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