Possibly a correct way of trending A2M given the fall in the Asian markets and therefore the A2M retracement.
I see A2M back at the mid $12s with a bullish resistance at $13 given the negative retracement and the Chaikin oscillator.
Shanghai, Hong Kong and Shenzhen all have to implode for A2M to be structurally and on a F/A basis worth the price back at these levels. More value in A2M now than the SP IMHO.
Volumes are higher now but this market correction is not structural unless Shanghai, Hong Kong and Shenzhen come into play.
The Hang Seng was horrible today but I am not too concerned unless they try and prop it up.
A2M should be alright IMHO as I doubt Beijing will self destruct but that is the worrying trend spotted by the market 2day IMHO and it led to the overly negative alpha in A2M.
London opens in 20 minutes.
Interesting to see the V shape and the recriprocated carnage on that market.
The whiplash back may hurt those poor shorters IMHO when the trend reverses.
As they say in the instos, got to love this volatility.
Possibly a correct way of trending A2M given the fall in the...
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Last
$7.18 |
Change
0.020(0.28%) |
Mkt cap ! $5.190B | |||
| Open | High | Low | Value | Volume |
| $7.18 | $7.23 | $7.13 | $12.81M | 1.785M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3865 | $7.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.20 | 7121 | 7 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$7.18 |
Change
0.020 ( 0.20 %) |
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| Open | High | Low | Volume | ||
| $7.18 | $7.23 | $7.13 | 1306035 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| A2M (ASX) Chart |