Hi Friends,
This is how I see the Price movements (Chart) unfolding:
I'm attaching 4 charts showing my workings.
A2M - Monthly - showing a couple of very Strong / Significant Candles and the Price needs to find Support at the Open of the last one. It is only when it breaks / Closes below it, on a Monthly chart, that there is evident weakness. So far this is a correction, which was needed after the price was 'engineered' to allow for the 5 execs to Sell their escrow shares back in Feb. Pretty disgraceful, if I may be honest. Five of the 6 sold their shares !!
A2M - Weekly 1 - showing the Fib Retracements, indicating a likelihood of a pullback and strong support in the area of $8.60 and $9.00. Please note that it does not have to travel that far but until it does come down to at least $8.60 and then shows signs of support, it may be better to hold your buying. I intend to add to my holdings but not before that.
A2M - Weekly 2 - showing the Fib Extension for the next target which is $15.45
A2M - Weekly 3 - showing the following Target at $19.60; Please note that there is another one at $26.40. I am reasonably confident that this last target of $26.40 will be achieved, but please don't hold me to that.
On a personal note, I'm a Holder and mostly in my Supper. Because of that I did not sell when the shenanigans in Feb took place; these were clearly seen on a Daily chart.
It's been my intention to consider selling at $19- but we'll see. My sentiment remain Hold as this is a stock with good Fundamentals and in spite of the disgraceful events on the part of the Board, the Execs and the CEO it still remains a stock with huge potential and you need to think carefully before bailing out. But that's your call.
Cheers,
soccer
- Forums
- ASX - By Stock
- Chart Update
Hi Friends, This is how I see the Price movements (Chart)...
- There are more pages in this discussion • 22,733 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A2M (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.13 |
Change
0.070(1.16%) |
Mkt cap ! $4.431B |
Open | High | Low | Value | Volume |
$6.06 | $6.13 | $6.04 | $8.538M | 1.400M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $6.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.13 | 29909 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 816 | 6.190 |
1 | 83 | 6.050 |
1 | 331 | 6.040 |
1 | 973 | 6.020 |
1 | 1000 | 6.010 |
Price($) | Vol. | No. |
---|---|---|
5.830 | 138 | 4 |
5.890 | 1404 | 1 |
6.010 | 911 | 2 |
6.040 | 211 | 1 |
6.120 | 211 | 1 |
Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
Last
$6.10 |
  |
Change
0.070 ( 0.58 %) |
|||
Open | High | Low | Volume | ||
$6.08 | $6.11 | $6.03 | 348783 | ||
Last updated 15.59pm 07/05/2024 ? |
Featured News
A2M (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online