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Short

A2M Head & Shoulders - Waiting for final Confirmation

ASX:A2M   THE A2 MILK COMPANY LIMITED
A2 Milk appears to have lost to the bears.
A very distinct head and shoulders pattern has emerged although still not confirmed until neck line is broken.
Taking a look at the relative strength , A2M is under performing the ASX 200 ( XJO ) which also is a strong bearish sign.
Increased volume on negative candles and on right shoulder shows strong possibility of break down.
Finally the share is closed below the 30 Week EMA , which also signifies a bear movement maybe lurking.

Please note this general advice for educational purposes, carry out your own analysis before entering a position or consult a financial adviser.

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