a2 just finish the abcde pattern and look like it also forming a bearish wolf pattern in a weekly time. Price indicate would be 10-11 in Feb 2021. its also look like just got out of the distribution state. and beginning it down run. its might retest again and wait till the end of this month if price still under 18.50 then Im pretty sure it going down to 10 dollar...
A2M may be creating for the next wave or potential breakout if its share price is gone to A$9.95 or above together with higher volume . Once the price is closed at $9.95 or above next few days, it could be a good sign to buy for higher price.
I think with the slightly over-cooked sell-off into an area with high volume trading activity should be price stabilize. This is a strong company with good projected income potential over the next few years. If I was forced to buy it via exercised then I could live with that. In the meantime - I can pick up a credit at close to 'at-the money' and see what...
This new high seems climactic...selling a break-back below older 20 day high level for a few days hold correction only. As a CFD trade, I will re-assess at close of trade today and if not in good profit may add a 'Guaranteed stop ' premium to avoid any surprise GAPS after weekend upwards.
A2M Currently range bound between $17.75 & $19.05 but also forming a bull flag. Presently impacted by trade tensions with China. Worth keeping an eye on
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.
A2m has performed exceptionally, moving almost inverse to the XAO during its recent drops. However all good things must come to an end. A2m is encountering strong resistance at an established channel resistance, accompanied by falling volume and an imminent bearish cross on the 1d MACD. Note also relative performance of A2m to XAO is headed below 0 and seems...
Broke above both short- and mid-term trend lines. Overvalued at the moment. Still in uptrend so looking to enter around $16-$17.
A2M has held up pretty well in this downturn. It has formed an inverted H & S pattern and has shown resilience. IMHO this is worth keeping an eye on
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.
At2milk prediction not to shabby ha 41 weeks ago Back to previous senario my thing
Break below $15.25 Stop at $15.87 Profit target $13.92 - possible gap fill if it was to fall lower. R/Reward 2.6 Resistance at the long-term spine. Divergence RSI and MACD The a2 Milk Co. Ltd. engages in the distribution and sale of milk and dairy products. It operates through the following segments: Australia and New Zealand, China and Other Asia, and United...
Evening Star patterned formed on the daily which indicates a bearish reversal. Accompanied by the fact that RSI while declining, is still oversold. A2M has had a nice run up (32%) since the 6th of November which coincides with the fact that its due for a correction. Buy Price: $14.54 Stop Loss: $14.98 - 3% loss, just above resistance levels as that would indicate...
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...
just my point of view. what you guys think .thanks