It just takes a quick look at the chart to see he's fairly right, as painful as it is for some to admit. It's now under the $1.60 line that was support for 6 months - that is VERY significant and even the newest chartists would have known to get out ASAP.
$1.52-$1.53 is another line that was touched a few times so we might call it weak support, and we're now BELOW that as well.
Go on about bargains and backing up trucks but it may very easily go back to $1.20 and not just dip to it on 1 day. It really needs to form a bottom before heading back up from here on.
The market does not have to agree with individual FA until it becomes reality (announced), and it will be especially bad if 'mega growth' is priced in as normal because we still haven't had any more profit upgrades since early this year. Look at BAL as a cautionary tale there. Is it still a $20 stock which people were calling 6 months ago? Not according to the market. People were claiming to be mortgaging their houses at $13+ to buy more...
Before you call me a downramper and a shorter, nope, I have no position in this now and no spare capital, but I'd buy at $1.10-1.20 only if I did.
IMO $1.16 is where the gap closes.
The reality of the situation is most of the short-medium term gains of this stock have already been had, and now there is less upside and more likely downside.
I wish everyone involved in it the best of luck, but there have been a lot of other opportunities while you money has been stale in this for 6 months and you've been in love with it.
- Forums
- ASX - By Stock
- A2M
- TA price target 1.06 A2M
TA price target 1.06 A2M, page-18
-
-
- There are more pages in this discussion • 1,037 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A2M (ASX) to my watchlist
|
|||||
Last
$6.88 |
Change
0.000(0.00%) |
Mkt cap ! $4.973B |
Open | High | Low | Value | Volume |
$6.90 | $6.90 | $6.80 | $7.266M | 1.060M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12501 | $6.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.88 | 33092 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 292 | 6.840 |
1 | 4997 | 6.830 |
7 | 27034 | 6.820 |
3 | 11706 | 6.810 |
2 | 11100 | 6.800 |
Price($) | Vol. | No. |
---|---|---|
6.880 | 28241 | 2 |
6.890 | 4997 | 1 |
6.900 | 15345 | 12 |
6.910 | 1515 | 1 |
6.920 | 20500 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
A2M (ASX) Chart |