I did alright when I traded A2M for the first time in Dec 2015. Bought on 21st Dec @$1.53 and sold on 29th Dec @ $2.17 - $2.21 as it hit my trailing stop loss.
A2M came up on my trading radar again in Feb16 when it opened with a huge gap on 17th Feb.
Closed on 16th Feb @ $1.875 and opened on 17th Feb @ $2.25 and hit an intra day high of $2.30 and closed the gap between $1.875 and $2.25 by hitting an intra day low of $1.83.
Interesting point is that A2M closed on 18th Feb @ $1.865 and opened on 19th Feb @ $1.83 and this gap has not been closed since. It hit a low of $$1.52 on 8th Mar and since then it has rebounded and hit a monthly high of $1.82 on 23rd Mar.
I have been watching closely and been following A2M since 17th Feb. I bought one parcel @ $1.64 and added another parcel @ $1.71 because I think clearly and trade better when I actually hold a position in the stock. I was meant to add another parcel @ $1.78 but I decided to hold off buying due to the Easter break. I will add more to my current position as soon as it closes above $1.78 again and keeping creating a pyramid position on A2M and keep increasing my trailing stop loss as price goes up. If it drops and my stop loss gets triggered then I will sell and reevaluate the stock again.
Let me know if I am doing anything wrong. Your constructive feedback on my trading strategy will be highly appreciated.
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Last
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B |
Open | High | Low | Value | Volume |
$6.91 | $6.93 | $6.81 | $7.337M | 1.070M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4252 | $6.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.86 | 10763 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 6.810 |
2 | 637 | 6.800 |
3 | 12600 | 6.700 |
1 | 860 | 6.600 |
1 | 600 | 6.580 |
Price($) | Vol. | No. |
---|---|---|
6.860 | 8000 | 1 |
6.880 | 7000 | 1 |
6.900 | 5985 | 3 |
6.910 | 200 | 1 |
6.950 | 9741 | 7 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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A2M (ASX) Chart |