A2M Ultra Short Term Outlook.

There are no issues with a trend definition of A2M which is nothing but a charging bull if higher time frame charts like daily and weekly are analysed. This said, change more often than not occurs in shorter time frames ( intra day ) at some turning points.

Why bother with 5 min. chart ? Simple, on the daily as well as weekly, I am seeing a CLIMACTIC PRICE ACTION BEHAVIOUR. Once the climax is set, likely medium term price action behaviour of daily and that of weekly may enter into a correction, FLAT/CONGESTED or as a PULLBACK . Is there a  SIGN OF WEAKNESS on this 5 min chart which may lead to that ? Yes there is, unless we see a daily bar with higher close than high of today to negate this ultra short term analysis.

Disclosure : I have no open position with A2M.

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