The recent hype and sell down have a lot of trapped buyers above, the overhang will continue till new highs are made but based on recent financial annoucement i cant see that happening any time soon.
Where fair value lies is up to the individual but i consider it to be quite pricey and current levels.
Market has rallied 2 days in a row now and A2M has done nothing. Why arent buyers stepping up? I think because its going lower but thats just my opinion and i have been wrong many times before but based on the FA and the chart i think its going lower in the short term.
A2m position, page-3
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Last
$5.60 |
Change
-0.050(0.88%) |
Mkt cap ! $4.048B | |||
| Open | High | Low | Value | Volume |
| $5.67 | $5.68 | $5.58 | $2.353M | 418.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 12204 | $5.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.61 | 12706 | 24 |
View Market Depth
| Last trade - 14.01pm 30/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |