Wheres your moving averages on that chart Hoots? is it the 9 and 21 you normally post some charts with to look for a crossover signal, i think the one higher up failed, i see this time the SP has just crossed over the 9 ex today, 21 seems to be sitting around 7.62 today but could go a cent or so lower as a few days go by.
Is it different this time?? ..... mmm, maybe, but i think we'll have to wait for a market update or the next results to actually
know if it's different this time, in the meantime i think all we can look to for clues whereever google and other search engines can search, i think with the downtrend being so solid over the last period it showed/s that the market was expecting downgrades, didn't like directors selling and coming and going etc and also didn't like and/or couldn't see an end to the trauma the pandemic has hit a2m with along with a few other things i guess so when looking for clues i'm looking for a difference or subtle change on the fundamental outlook front along with a difference in the effect of the pandemic as a whole, along with sales on the Chinese sites for CBEc and corp daigoo, clues from other similar companies etc. I think because the fundamental outlook here has been so pessimistic i think just a small sniff of levelling forward fundamentals and some growth in sales channels could well support the SP above $7 during the lead up to results or a market update from here. Also good to see a change in tune from UBS and some positivity from GS even when they both think a further downgrade may be possible, i think Belinda Moore from GS said another downgrade is likely and i think that maybe so however i also think a 6.80 -$7 Sp has that pretty well baked in .... thus my bottom fishing expedition early last week. I was thinking high 7's, 8's the week before and made some pips but i think ScoMo and India spooked this market which some shorters likely took advantage of sending the price down to high 6's - 7's, i didn't see any adverse news for A2M in particular anyway so i thought i would rig up and question a few of the downrampers or Mr.Negatives to see if they was running on fumes....lol
Anyway, so far, so good, fingers crossed and onwards and upwards people.
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