is the telescope to keep track of the a2 fall?
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Looks to me like A$12.70 as the support point - so $13.20 is the buy in point for the brave ones.
Big unknown is this :
https://www.shortman.com.au/stock?q=a2m
Shorters down to 6.72% so they have bought back 17m shares - in effect, providing price support in recent times.
Do they come out to play (short again) or take the opportunity to cover?
Agree with the current sentiment, from a TA perspective $14.10'ish an obvious support being around the close from the gap-up 19/11/19. The other 12.70 and 13.20 projection is less obvious in a fog of numerous days trading before that, except being the high from the gap up (three days previous) and some obscure low closes a week or so prior. We see what we want to see in the charts. It's how we factor that into our buy/sell/hold decisions that counts.
Personally in the current climate I can see sentiment potentially hammering this (TA), so the real question is where you would preserve your profits and where you'd risk your dry powder.
Be careful out there folks. This may be an appropriate image, please note the size of the teeth and claws.
https://www.bing.com/images/search?v...0&vt=0&eim=1,6
He's not a real bear but the market might be ?
I'm staying in my kennel sitting on my dry powder for the foreseeable future.
Surely Geoffrey being in charge will keep the share price up ...I’m told he is the Messiah