Up to 3.44 per cent in from 98th most shorted on the ASX into 87th and moving up the list fast
Shorters likely to apply the pressure you will see a lot of bots running as they further increase there positions It's not just fundys who short these hedge funds flying under the 5 per cent disclosure do as well
Thing about shorts you don't see the full extent of the shorts until well after they start positions there is no real time data
A2m along with this whole sector is proving to be a picnic for the shorts
In the next month Id expect A2 to make the top 50 most shorted there is no way they are going to let go of this downside momentum and sentiment towards the sector
TA wise broke major support lines weekly chart closed on a bearish candle harmani death cross suggesting this is going much lower into the 1.70s region in coming days gap at 1.65 to be filled if the news is as bad for BAL as expected you could really see a desertion in these sell to China plays
Going to be further weakness in my view
A2M Price at posting:
$1.96 Sentiment: None Disclosure: Not Held
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