I like to keep things simple and here's a simplified look at A2M that might help some posters on this thread. A2M has traded in a rising price channel for a couple of years and has just fallen to the lower boundary of said channel. As well as the boundary providing price support their is a horizontal level of support here as well. This doesn't mean price can't fall through this level and go lower - in fact price usually falls down out of rising price channels eventually. The chart suggests that their is a reasonable probability price should recover and rise back up towards the top channel boundary as it has done on previous occasions.
I don't trade A2M as I've always been a bit concerned about the China risk - but good luck to the holders.
Chart Update, page-14232
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Last
$6.24 |
Change
-0.010(0.16%) |
Mkt cap ! $4.517B | |||
| Open | High | Low | Value | Volume |
| $6.24 | $6.37 | $6.17 | $22.92M | 3.661M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45332 | $6.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.28 | 9001 | 4 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |