I believe most people (including myself) took their profit near $2.8 (nearly 24.3% gain in 3 weeks), this was because the price actions showed indecision around that mark.
By MACD, it was still trending upward with no crossover on 4th April.
However, by looking at Fib. Extension 150% mark, where A2M reached almost $3, showed a bit of rejection. Today's candlestick will be a critical if such rejection happens twice in this week.
I personally do not recommend Long any position.
By MACD, it was still trending upward with no crossover on 4th April.
However, by looking at Fib. Extension 150% mark, where A2M reached almost $3, showed a bit of rejection. Today's candlestick will be a critical if such rejection happens twice in this week.
I personally do not recommend Long any position.