Seems ok to me for actual holders of the stock to feel slightly positive, clearly that Irk’s you as a non holder.
Printable View
Wait for the trend change to happen, we are a way off yet. But plenty of retail investors waiting to pull the trigger on A2. Only have to take a quick look at some of the investment Facebook pages to notice that every man and his dog want to
buy in. Couple that with some 6.3% short positions still open. Could make for some interesting gap closures.
mmm, talk about one swallow making a summer...
This is completely expected price behavior. What I'm looking for from a trading perspective is this to top out around the current price, then pull back towards the previous lows, but set a higher low and form a tightening range within that.
Any talk of a long term trend change is ridiculous. Even if we do get a weekly trend change (which at a minimum takes weeks to play out), we would still just be looking for a monthly lower high (i.e. still in monthly downtrend). With current fundamental state of the company I will not be buying a weekly trend change (if it eventually happens) as the risk of a gap down open on another downgrade or bad news is just too high.
See PaySauce and Arborgen displaced ATM on NZX leader board
Good company though