A2M could easily retrace back to the circa $10 area. Nothing goes up in a straight line. When the broader overseas markets correct again, A2M will go down with them. It has happened before and it will happen again.
I am into simple TA displayed on a price chart. But at the same time I am not a chartist. Quite often a single 10 period EMA line on a monthly share chart will amply suffice for investors. Ideally investors want to buy into dividend paying stocks from within the ASX 300 that are trading *above* a *rising* 10 period EMA line on a monthly chart. This is now what A2M is doing. Currently the 10 period EMA line is at $10.65. A2M closed yesterday at $12.43. This is positive. But the danger is that if price is too far extended above the line (like it was back in Feb, 2018), price likely will significantly regress back to the mean. This is termed mean reversion.
The XAO short-term trend is still up for now. A2M is benefiting from this.
A2M could easily retrace back to the circa $10 area. Nothing...
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Last
$5.60 |
Change
-0.050(0.88%) |
Mkt cap ! $3.808B | |||
| Open | High | Low | Value | Volume |
| $5.62 | $5.68 | $5.55 | $2.966M | 528.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 19295 | $5.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.60 | 533 | 3 |
View Market Depth
| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| A2M (ASX) Chart |
