I did alright when I traded A2M for the first time in Dec 2015. Bought on 21st Dec @$1.53 and sold on 29th Dec @ $2.17 - $2.21 as it hit my trailing stop loss.
A2M came up on my trading radar again in Feb16 when it opened with a huge gap on 17th Feb.
Closed on 16th Feb @ $1.875 and opened on 17th Feb @ $2.25 and hit an intra day high of $2.30 and closed the gap between $1.875 and $2.25 by hitting an intra day low of $1.83.
Interesting point is that A2M closed on 18th Feb @ $1.865 and opened on 19th Feb @ $1.83 and this gap has not been closed since. It hit a low of $$1.52 on 8th Mar and since then it has rebounded and hit a monthly high of $1.82 on 23rd Mar.
I have been watching closely and been following A2M since 17th Feb. I bought one parcel @ $1.64 and added another parcel @ $1.71 because I think clearly and trade better when I actually hold a position in the stock. I was meant to add another parcel @ $1.78 but I decided to hold off buying due to the Easter break. I will add more to my current position as soon as it closes above $1.78 again and keeping creating a pyramid position on A2M and keep increasing my trailing stop loss as price goes up. If it drops and my stop loss gets triggered then I will sell and reevaluate the stock again.
Let me know if I am doing anything wrong. Your constructive feedback on my trading strategy will be highly appreciated.
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Last
$5.56 |
Change
0.030(0.54%) |
Mkt cap ! $4.025B |
Open | High | Low | Value | Volume |
$5.50 | $5.61 | $5.49 | $7.155M | 1.289M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6277 | $5.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.57 | 11611 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6277 | 5.540 |
3 | 11143 | 5.530 |
3 | 10486 | 5.520 |
3 | 8249 | 5.510 |
5 | 14013 | 5.500 |
Price($) | Vol. | No. |
---|---|---|
5.570 | 11611 | 5 |
5.580 | 8280 | 2 |
5.600 | 7280 | 1 |
5.610 | 8833 | 2 |
5.620 | 2500 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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A2M (ASX) Chart |