The PE of A2m is still way too high to earnings it's coming back to a more realistic Value but is still way too high the SP is about 30 per cent above intrinsic value
The chart still looking to break down further support is weak around that 1.38 level that needs to hold
Yesterday we saw the broader market roar an A2m put in half a cent in an uninspired session while its peers did well
Today another Positive session the chart is at the cross roads here an sentiment is waning with buyers heavily outnumbered by sellers in this mornings depth which could change of course
Very bearish chart on the weekly an the broader market is topping out here at the high end of the range an needs a pull back to around 5250 to keep the uptrend in the broader market intact
tax selling in these stocks decimated also likely next few weeks
A2M Price at posting:
$1.46 Sentiment: Sell Disclosure: Not 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)