For those who would actually like to be educated and not believe the latest claptrap above about "A2M is not in a downtrend", have a look on Investopedia here: https://www.investopedia.com/terms/d/downtrend.asp
Key takeaways:
- The first characteristic of a downtrend marks a point in the price action where supply exceeds demand. The number of available sellers and the quantity of the security they want to sell is more than the number of ready buyers and the quantity they want to buy. Somehow market participants have, as a majority, no longer accepted the idea that this security should be priced as high as it is.
-The second characteristic indicates the increasing number of market participants that, though previously undecided, have become convinced during the recent peak of price that they must no longer own (or own as much of) the security. The number of sellers increases simultaneously with the number of buyers decreasing.
-The third characteristic is usually accompanied by news or new information that confirms the suspicions of those who determined to exit, or no longer consider buying, the security. Even more buyers back away and even more sellers become eager to take profits or limit losses.
Now, look at the chart of A2M. Do these characteristics apply?
I suggest another bit of the article posted above also applies...
Please folks, DYOR and do some due diligence on who you follow on here - there really are some true shockers of posters who just absolutely refuse to accept the reality of a companies situation and will get you into REAL trouble if you listen and follow them...
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Last
$6.06 |
Change
0.070(1.17%) |
Mkt cap ! $4.380B |
Open | High | Low | Value | Volume |
$5.99 | $6.11 | $5.96 | $11.09M | 1.834M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6819 | $6.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.06 | 500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6819 | 6.050 |
4 | 26955 | 6.030 |
2 | 11610 | 6.020 |
2 | 14857 | 6.010 |
1 | 15000 | 5.970 |
Price($) | Vol. | No. |
---|---|---|
6.060 | 500 | 1 |
6.080 | 12091 | 3 |
6.090 | 10952 | 3 |
6.100 | 8539 | 2 |
6.120 | 24564 | 5 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$6.06 |
  |
Change
0.070 ( 1.12 %) |
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Open | High | Low | Volume | ||
$5.97 | $6.11 | $5.95 | 810802 | ||
Last updated 15.59pm 06/05/2024 ? |
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A2M (ASX) Chart |
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