I agree with you pslally. This appears to be a controlled downtrend and with no news from A2M likely until 1H17 results and BAL likely to deliver some bloody awful news in 3 weeks it is hard to see this trend reversing short term. The Ann showed business as usual and available industry data looks positive, but without a formal profit upgrade (NB can't do this without prior guidance) the SP is now allowed to drift down. Could push down hard on negative news and contagion, double bottom at $1.72 could be revisited. More likely than $3 in short term IMO. Should rally hard into the Ann, but the shorters have a few weeks left to manipulate the SP.
Very interested in anybody with a TA background with views on where supports are? Hoots' posts have been good value.
A2M Price at posting:
$1.98 Sentiment: Buy Disclosure: Held
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