Chart Update, page-18716

There are so many downtrends and resistance lines on A2M it isn't funny.



People need to stop liking these posts from people like this and do some real analysis. Anyone looking for a REAL reversal will need to formulate a strategy of how much risk you are willing to take, your timeline for holding and key indicators.

I'll put myself out there on this one (as an example only): I would be watching for a break of the SMA50 as a first port of call (likely today, then see if the SP can break through that very significant $9.00 barrier where the most recent gap down lower line, bollinger band upper line, SMA100 AND a downtrend line met in confluence. If it can overcome this huge resistance a gap fill is likely up to ~$10.40.

Unfortunately, if one also takes into account recent FA downgrades, the SP is unlikely to truly reverse into an uptrend (which I would consider a close above the SMA200 around $14).

For someone who claims they spend "thousands of hours" staring at depth and charts, you of all people should understand two days of green candles from a 65% caning over the past NINE MONTHS doesn't equal a trend reversal...

Now watch my quality post get flagged and censured for calling out this poster.