Yep ATM A2M is a TA's bitch stock at the moment.
re: Golden and Death crosses...This Chartist thinks they are Media hype fodder..The crosses lag too much and by the time the crosses happens often the event is over and the opposite is happening. Not a great fan
"What happened to the positive indicators" All indicators are variables and subject to change. We have been too accustomed with stocks that have been in Bull mode for years and the indicators don't jump around a lot. Same with stocks in Bear Mode..
The year old ATM A2M Bear seems to have "bottomed out" a few months ago and dare I say it "could be in some sort of reversing mode out of it's Bear Market Cycle" but don't quote me on that ...
This life between Bear and Bull mode makes investors life a bitch as uncertainty reigns because most investors still perceive the stock going down, witnessing media bad news, reinforced hindsight and lots of negative sentiment helps create a poor looking future forecast and who would blame them ..
but there is an investor dilemma happening as the crap news is still coming out yet the expected constant price fall has disappeared and replaced by price whipsawing all over the place ....There has been an animal behaviour (trading pattern) change ...This up down all over the place, failed breakouts and so forth could be seen as some sort of a market reversal sign as ATM struggles to change species between Bear and Bull..or..as investor's fear some sort of continuation event (hibernating Bear) before the Bear wakes up, regains control and the constant downward trend resumes..Time will tell. Markets are future looking.