A2M reaches historical highI 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.
ATM trade ideas
A2M hit historical ResistanceMost of my friends recently have their babies and consider to buy milk producers shares.
This stock reached historical Resistance at this moment. To consider a cheaper price, why not we wait a few more days, and let the share price re-test the support zone around $2.05 ?
Technically, both Stochastic & MACD shown overbought signal.