Chart Update, page-12919

The A2M daily MMA chart shown below highlights the change in trend since the SP broke below the 50 SMA and then the 100 SMA in one giant leap on 19/08. The trend is now down. The big question all LTHs and STHs should be asking is whether the 200 SMA will hold or not. In my count the 200 SMA has been challenged four times in the past and now this is the fifth. If it fails then the downside support levels are shown on the chart, right down to the Close of the bar that created the breakaway gap on 19/11/2018. Now if the speculative FA is correct, the Insto's will be accumulating around the 200 SMA. It's just what they do. So for the true believers out there I'd be watching for a bounce up from the current level. All IMO. (data is as at 1200 today).