Optimistic: A breach of 3.90 would likely trigger a wave of panic selling - potentially an opportune time to load up if you have conviction. Price recovers above the point of break, finds support and could i) initiate an upward trend towards the range high, or ii) bounce between the mid-range and range low, forming a longer-term base of support.
Pessimistic: As above, but the recovery is short-lived. Price is unable to sustain itself above the point of breakdown. Larger breakdown is initiated: recent bargain hunters cut their losses; longer-term holders sell their bags as they stare down the potential of a 1:1 ROI. Next meaningful line in the sand at around $2.
A2M Price at posting:
$4.18 Sentiment: None Disclosure: Not Held
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