A2M hitting turbulence in the stratosphere
A2m has performed exceptionally, moving almost inverse to the XAO during its recent drops.
However all good things must come to an end.
A2m is encountering strong resistance at an established channel resistance, accompanied by falling volume and an imminent bearish cross on the 1d MACD.
Note also relative performance of A2m to XAO is headed below 0 and seems contained by its MAs.
A reversal could see price check the bounds of the GMMAs before resuming uptrend, or breaking through towards established trendlines indicated in the $13-$14 zone
However all good things must come to an end.
A2m is encountering strong resistance at an established channel resistance, accompanied by falling volume and an imminent bearish cross on the 1d MACD.
Note also relative performance of A2m to XAO is headed below 0 and seems contained by its MAs.
A reversal could see price check the bounds of the GMMAs before resuming uptrend, or breaking through towards established trendlines indicated in the $13-$14 zone
Penafian
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