Nice flag is forming on D1. The zone is shrinking and may explode soon.
Broker data for A2M - past month.
Accumulation/distribution chart for investment banks (their clients) - it's just a subgroup of 7 brokers: Citigroup, Goldman Sachs, Macquarie, Merrill Lynch, J.P. Morgan, Morgan Stanley, UBS.
As you can see, there was a huge spike in their holdings after the earnings release in Feb. Now, the pace of accumulation has slowed down but still they accumulate.
Considering overall market macro situation, I see that smart money is rebalancing their portfolio toward defensive sectors. A2M might be a choice. I understand that A2M is not 100% defensive though, kind of. It's best viewed as a hybrid - offering defensive qualities with some growth-oriented risks. So, I see more risk to break up rather than down.
A2M Price at posting:
$8.18 Sentiment: Buy Disclosure: Held
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