I was unable to check stock prices the whole day. I just checked A2M trade pattern for the day.
Very unusual trading today. Price dropped a few cents and volume was super low. All this just one day before their AGM where guidance will be provided does not make sense. Volume is the key for any price rally. This one is going to be a tough one to call tomorrow.
The only possible explanation that I can come up with to explain today's unusual pattern is that market is expecting tomorrow's guidance to be in line with expectations. We need a large upside in Revenue and EBITDA guidance tomorrow for price to increase 10-15% and high volumes possibly 20-30m shares. If this does not happen tomorrow then A2M will become a mature company and its stock price will slowly and steadily gain strength over 2017 to hit $2.80-$2.90 by same time next year.
A2M Price at posting:
$1.97 Sentiment: Buy Disclosure: Not Held
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