SoloTraderAU

A2M hit historical Resistance

Short
SoloTraderAU Updated   
ASX:A2M   THE A2 MILK COMPANY LIMITED
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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