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.
I like to keep things simple and here's a simplified look at A2M...
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Last
$6.54 |
Change
-0.100(1.51%) |
Mkt cap ! $4.756B | |||
| Open | High | Low | Value | Volume |
| $6.58 | $6.61 | $6.54 | $2.330M | 353.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 5375 | $6.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.55 | 9112 | 19 |
View Market Depth
| Last trade - 12.14pm 08/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |