Wonder if it will hold. Maybe its found its support level now?
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The downward trend remains intact.
Not sure which is the worst chart,,ATM or PX1.
Just got an email through from Craigs re A2:
"We consider that at the current price, it is an attractive opportunity to add to existing holdings"
Not read the latest research report, but looks pretty comprehensive.
Looks like might be starting to bounce, held 5.6, then 5.7, if holds 5.8 and pushes into 5.9, does this indicate the market is moving SP up into a more positive direction. Might get above 6 today if last couple of days trends carry. Or do you all feel this is very short term and yet to turn around and drop back down further again?
Not a lot to be positive about with A2M currently. But maybe with all the speculators in the stock market these days they are ready to jump on board a bounce. Nobody would have really though ATM would have been in the 5's in the first place.
Be good to see a bit action around the S/R areas and a bit of accumulation. Market structure still doesn't give any evidence of a reversal at this stage. It's way over sold on the daily and the weekly though no regular divergence that i've spotted. That pin bar on the weekly is promising but trading candles is fraught. Reasonable volume the last week.
Everybody loves buying things cheap
And A2 is cheap az ... and punters have finally recognised that (maybe needed a bit of push from the likes of Craigs)
A great example of doom & gloom, the end of the (ATM) world as we know it.
Maybe a symptom of bearish 'group think', though, just as much as the previous bullish over-exuberance?
Various aspects drive SP: sentiment, fundamentals, TA, FOMO, spin, shorts, you name it. Investment horizon plays a part too. The secret of great comedy (and investment): timing.
ATM up 6% today, up 10% in the last two days. Well done those traders (and there will be many) who grabbed part of that action.