Chart Update, page-20971

Here's the test for A2M: it's back at the 7 week EMA again (light purple). In this downtrend the 7 EMA has always been where it stops and resumes the downtrend again. Will history repeat or is it going to break through? RSI has resistance at 30 that it's trying to get through as well so A2M has it's work cut out for it.


Weekly chart:

Back up at the 7 week EMA, historical resistance for this downtrend. RSI also has resistance at 30 which is being approached. MACD is flat so fairly non-committal, but it has been for a while so don't know if that's saying anything about the current test. Not much change in the volume (Elder Force) from what it normally is when it pulls up to the 7. From the weekly I'm not seeing anything to suggest that it's going to make the big break higher just yet. But see how it gets on the the 7 and this RSI resistance. That will give an idea.

Also the daily chart (not shown), has the RSI breaking up through a resistance line. Maybe that's the breakthrough that this thing is looking for.