Stock or index you want to see it making a series of higher highs higher lows and higher closes - then it needs to break higher and hold above the last failed support line which would now be first resistance, then a cross of the short term moving averages on the daily chart say the 9 and 21 bar EMA,s
Until it can do that what you are looking at is a counter trend rally or a dead cat bounce - this scenario apply s currently to the ASX 200 and many of the blue chip stocks but not A2M which is now range trading between its primary support and resistance zones.
A2M Price at posting:
$16.06 Sentiment: None Disclosure: Not Held
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