Hyer Wayward,
Thanks for your thoughts on this thread.
I'll have a go at your 'scenario':
- let's consider a few things here like how reliable are the news coming out of China; no disrespect intended but who was the source of the news?
- as a poster mentioned, was the product really A2M's or 'a local unofficial version' ?
The Fundamentals appear to be in great shape and, unless there was a serious issue here, a scare would not make any difference to the overall future prospects of the company.
Now let's move to the TA side:
- at the $4- level, this would represent a good pullback to the 61.8% which, considering the stellar run the price has had, it probably would not be such a bad thing;
- there is noticeable support in the zone;
- Volume - what you think of it Ww? My reading is that it is still Bullish.
What would I do?
- as an holder, I'd keep abreast of developments to see if there was any substance with the 'health issue';
- if it looked like that was no case to answer, I'd be adding to my position.
Attached 2 charts.
Ww please share your thoughts.
Many thanks Wayward.
Cheers,
soccer
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Last
$6.88 |
Change
0.000(0.00%) |
Mkt cap ! $4.973B |
Open | High | Low | Value | Volume |
$6.90 | $6.90 | $6.80 | $7.266M | 1.060M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12501 | $6.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.88 | 33092 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 292 | 6.840 |
2 | 8043 | 6.820 |
1 | 500 | 6.810 |
1 | 1100 | 6.800 |
2 | 9844 | 6.750 |
Price($) | Vol. | No. |
---|---|---|
6.880 | 23244 | 1 |
6.900 | 7848 | 10 |
6.910 | 1515 | 1 |
6.920 | 20500 | 2 |
6.950 | 17350 | 9 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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