Will $7-7.20 defend further decline?
I exited $120K+ from A2M above $13.50; I am keeping it in cash. If A2M comes to fair value (IMHO fundamentally SP around $6-6.50) then I may redeploy some of those funds. I want to invest at average price below $6.50. If I achieve it I will have doubled my stake from what I used to hold before I exited this.
I am investor (only interested in medium to long term hold) so thinking to start buying small lots below $7 and go for 6 lots of $20K at every 4-5% drop all the way up to $5.50. If I achieve that I will get @19000 shares @$120K, average price @$6.30
@h00ts Will be interesting to hear your technical analysis on support levels!
I am not interested in buying above $7.30; if A2M doesn't go below $7.30 I have nothing to lose - I will look for other opportunities.
Will $7-7.20 defend further decline?I exited $120K+ from A2M...
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Last
$5.99 |
Change
0.080(1.35%) |
Mkt cap ! $4.330B | |||
| Open | High | Low | Value | Volume |
| $5.92 | $6.00 | $5.92 | $5.887M | 984.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11978 | $5.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.00 | 30149 | 7 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$5.98 |
Change
0.080 ( 1.20 %) |
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| Open | High | Low | Volume | ||
| $5.93 | $6.00 | $5.93 | 2721094 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| A2M (ASX) Chart |