Today has been a bit torrid in terms of A2M price movement. My advice is to take a deep breathe, have a cup of tea (or stronger beverage) and try to chill out.
I invite you to compare A2M (LHS chart), with recent price action of Qantas (RHS chart), on a daily chart. Whilst not identical, there are similarities - a steady rise, a big daily fall, followed by bounce & steady recovery. If you believe the stock has merit, give it a chance to bounce around a little. I feel for those today who had set a stop loss, only to be taken (shaken) out.
The second chart is weekly timeframe, and looks much less scary. All charts are on log scale which avoids exaggerating rises (& falls).
IMHO the sky is not going to fall in wrto A2M, but it will bounce around.
A2m - time to short, page-696
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Last
$5.71 |
Change
-0.060(1.04%) |
Mkt cap ! $4.134B | |||
| Open | High | Low | Value | Volume |
| $5.70 | $5.78 | $5.69 | $6.339M | 1.108M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $5.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.72 | 1701 | 2 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |