Ok...I understand...but then you're statement about this "not being the bottom" is just opinion right? If we're not certain that this is not the bottom, then this certainly could be the bottom. We would have to find someone more knowledgeable than you or I to confirm whether or not this is or is not the bottom.
So 50/50.
This is or isn't the bottom.
I'll go for the 50% bet that this is the bottom.
I think we encountered significant resistance around $1.28. We should have finished at $1.20 today, but there was a very powerful buying force around this support level. I don't see a reason why tomorrow that support would disappear after having an 18 million share sell off today and not breaking below $1.28.
So technically and fundamentally I think we've reached the bottom, but that is only my opinion referencing the TA and the buy/sell behaviour today.
I'd say a stop loss at $1.27 is well placed given that this has twice been tested and rebounded.
Opinions?
A2M Price at posting:
$1.31 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)