It's pretty common for gaps to be filled so there is the potential for price to pull back and fill today price jump gap.
However at that level we have both the 20 EMA and the largest volume support level since the price dropped into this low trading range, which sits between $5.34 - $5.40. If price can stay above this level then this news might be the catalyst to start A2M climbing again. Looking at the 21 day (1 trading month) momentum there has been a bullish price divergence showing in the chart since April.
If the price does start to climb then the next big challenge is breaking through the downward price channel A2M has been stuck in. However if you wait for that then the price would have already moved another ~5% + from todays price. A smarter play could be to wait and see if there is a gap fill but price remains above the large volume block and get in around that level then wait for the push to the top of the price channel, which will give ~10% profit.
It's pretty common for gaps to be filled so there is the...
Add A2M (ASX) to my watchlist
 (20min delay)
|
|||||
|
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
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$6.06 |
Change
0.070 ( 1.12 %) |
||||
| Open | High | Low | Volume | ||
| $5.97 | $6.11 | $5.95 | 810802 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| A2M (ASX) Chart |