Evening Star patterned formed on the daily which indicates a bearish reversal. Accompanied by the fact that RSI while declining, is still oversold. A2M has had a nice run up (32%) since the 6th of November which coincides with the fact that its due for a correction.
Buy Price: $14.54
Stop Loss: $14.98 - 3% loss, just above resistance levels as that would indicate trade was wrong
Buy Price: $14.54
Stop Loss: $14.98 - 3% loss, just above resistance levels as that would indicate trade was wrong
Trade closed manually:
Ended up closing the trade at nearly 4% profit... probably could of let it run longer but decided to take profit.