A2 Milk retraces back to the trend line support today. This is NOT a buying opportunity for me because the risk is greater than the reward. We could open below the trendline next week and going down fast. Also, there is a gap on the chart that is yet to be fill. If we could close above $15.68 area, I may consider a long position in A2 Milk.
A picture speaks a thousand words...but the neckline (if it forms the H & S pattern) lies around the 78.6% fib retracement. That being a confluence of supports, I expect it to hold
I've been watching this chart for a while and there are a few note worthy patterns to have me believe that that its solid bull run of over 1000% has come to a short end and while this may be disappointing to some it is also an opportunity for many to find a excellent entry into a solid company. With that being said our currently situation is showing exhaustion...
I reported earlier in the month that A2 Milk was showing a good formation of a head and shoulders pattern. This week we had a confirmed breakout of the neckline, here is my complete analysis. Price has fallen and closed below 30EMA (weekly). Price has fallen and closed below 200EMA (daily). CCI indicator(daily) is reading 222, which is a sign of strength...
Keeping an eye on A2 Milk as a possible head and shoulder's pattern is emerging. Definitely not confirmed but a good one to add to the watch-list that's for sure.
A2M - A2 Milk Company up 3.72% in today's session. The share prices hit a critical retracement price level at 14.75 in last week session and have now created a price channel to the upside in today's price movement. A2 share prices have the potential to head back up as long as it remains within the price channel as indicated on the price chart below. Short term...
A2 Milk Company up 3.72% in today's session. The share prices hit a critical retracement price level at 14.75 in last week session and have now created a price channel to the upside in today's price movement. A2 share prices have the potential to head back up as long as it remains within the price channel as indicated on the price chart below. Short term targets...
A2 Milk ASX:A2M is still bullish. Just be be cautious, daily chart is oversold. Target: $14. A break-down below $10.85 will invalidate this outlook.
Been tracking A2M for a long time - still think we need another leg down to complete correction but stock market looks bullish atm.
A2M looks set for a continuation off its bullish flag pattern, finding support at the 200 MA. Blue sky above if it breaks through the top of the range / Will look for near-term support if it breaks through the bottom of the range Note as the company is trading at a high PE, failing to meet forecasts/targets can have a significant impact on share price.
A2M - A great run in today's session up by about 7% and looks like its going to pullback at 10.11 resistance. Major resistance at 10.41 - 10.61
Hello penny stocks followers, I am sorry about that I might a bit side-tracked to the cryptocurrencies trading recently. Here are two penny stocks to buy & hold for longer term. Do you know both SM1 & A2M was struggling in last 84 days? A2M just slightly continues to soar after the resistance zone breakout. In the other hand, SM1 is struggling at the descending...
Idea: Support holding and more long. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.