Undoubtedly A2M has been one of the strongest stocks in our market. I doubt that it is major trend will change anytime soon despite this short term weakness. It appears as though some lot may have had their 10% ( approx.) stop loss hit today and exiting A2M.
Where could A2M potentially find some short term support ? Look no further than that of the LOWER BOLINGER BAND at this stage for some clues. According to my software the value of the lower band is at $6.82. Will it act as a support as it is expected or will we see the price decline further ?
In the next few sessions we should have a fair idea if the support at the lower band is be found. I guess the boys and girls utilising Bollinger Bands in their mechanical trading systems may have already been alerted.
A2M daily shown as at midday update.
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