I don't think $1.50 is realistic any more. A2 had a low of $1.51 a few weeks ago then bounced strongly. Don't see it going back there. Very likely that $1.70 is a strong support...but it's just my opinion. Logically investors want to buy before the next announcement. The previous announcement doubled the share price. That was only because a2 had a "good month" and revised estimates. December/Jan? Will those be bad months...don't think so. The price will not be around the $1.70-$1.90 for long. It's also attracting a different set of instos with a higher share price which is great.
My 2 cents...
Trading on 4 Jan, page-185
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Last
$5.70 |
Change
-0.010(0.18%) |
Mkt cap ! $4.127B | |||
| Open | High | Low | Value | Volume |
| $5.70 | $5.72 | $5.69 | $76.29K | 13.37K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 371 | $5.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.71 | 213 | 1 |
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| Last trade - 10.02am 28/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |