Expect to gap up between 12-12.50 RSI divergence
a2m will be expected to retrace at 7.84 at 61 fib point
I have a position in this that I picked up on the earnings drop. Was looking for a short over-reaction scalp and considering closing it out but stop to wonder if this could be an actual reversal. Weekly - double bottom on hte breakout - bullish divergence Double bottom on the breakout is obviously a strong support line. There will be a lot of price memory...
Hi guys ! A2M seems on Bullish reversal mode after hitting 2 years low $8.33 , Which makes fresh opening market now after the half yearly negative reports and accounts. If market tends to move upward and breaks the resistance of $9.83 then its most likely to hit $10.67 after and RSI is fresh market mode to support if we are talking about technically and many...
broke up out of descending triangle formation
A2M is at a very important juncture, currently at $10.20, and the market now is waiting for the announcement of its earnings report on the 25th of February. A2M has been consolidating between the range of $10.00 and $11.00 range, (50% Fib Retracement Zone) since the plunge in price. This (50% Fib Retracement Zone) is from the initial lows in May 2015, to its all...
A2M looking weak on the Weekly and Monthly chart and forming Lower Highs and Lower Lows on the Daily Chart, suggesting lower prices to be seen ahead. Price may come to either one of the Support Levels ideally in the Fibonacci Retracement Zone between 50-61.8% level (The Golden Pocket Zone) and a very strong Support level for a very good buying opportunity. Note:...
still bearish on all time frames...worth watching here for possible turn?
Bearish Confirmation Indications according to Volume Profile Strategy As the trend line is apparently broken, the price is now below the heavy volume zone between $13.80 - @14.20 (which may now act as resistance and hence may get selling pressure to the next volume profile zone between $9.60 - @10.20. There are two bearish scenarios that may be possibly in...
A2m setting up for a buy on the weekly. Sitting at the 38 fib level, it could find support a bit lower. I think after xmas this will have a good run.
Bearish Trend Continuation Indications: 1. Bullish Trendline is broken 2. Has been consolidating below the trendline since ten trading sessions. 3. Unable to break above the trendline and close. 4. It did try to move up but was unable to sustain above once, and then fell below. Scenario 1. I would be comfortable to buy once it reaches the Buy Zone between...
Entry:13.82 Stop loss: 14.39 Broke out of rounding pattern today with the 3 SMAs in order. Would have preferred a higher accompanying volume though.
Huge weekly channel retested. Though change in fundamentals but more bullish candle will confirm the technical rebound here. Timeframe - A minimum 3-6 months. Target 18.5 AUD