cal268
Short

A2M hit historical Resistance

ASX:A2M   A2 MILK FPO NZ
86 0 3
Most 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.
Comment: By putting a ruler on the same slope of the channel. Move your ruler to touch the real body of the candlestick on 23 August, you will know that today price $2.44 would be the highest. Today's candlestick may be the same format at you can see on 23 August. It called an evening star. Bears will take over very soon.
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