ADCORP needs weekly to see the bigger picture drop to R1.50

Adcorp is showing supply overpowering demand.

The daily chart is very illiquid and it's difficult to make an analysis with such candles.

So we pumped it up to weekly.

There is both an M Formation and Rectangle formation in the process.

The price needs to break down to ultra confirm the downside to come.

THe target remains at R1.50. So let's observe and report.