I am adding A2 Milk $A2M to my watchlist because of a potential bull flag break out in the coming days or week.
If $XJO continues to go higher, this would increase the chances of an upward breakout.
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.
