good pull back into OB, going long from there. A2M is in a pretty good position in the asian markets, and milk is primarily not affected when it comes to formula which they also produce in very high quality.
Fundamentals have deteriorated considerably with global cVD policies.
A2 wont go bankrupt with huge piles of cash,
but have they got a moat?
Purely of a technical perspective, no body is talking about A2.. its off the media, it's not on the headlines, these are the types of plays Peter Lynch likes, unloved, unwanted, but with solid balance sheets, average holding...
Price action is making HH and HL formation. Doji star candle pattern at HL. There is a strong resistance level at 5.50. if this level is broken we can see further price appreciation UpTo 6.00 and then 7.0. Good Luck. Al
Please do your own research before entering any position
On watch for break of 200ma. Alot of volume recently and price action is looking healthy. Could be a good hold from here with a big target at $10.
Entry with a stop at 5.80 is to much risk for me. Wait for some confirmation on the chart.
If the $7.38 Climax Rally High is penetrated, next level to watch is $10 !
Anticipated short term movement to the upside is shown with a trend channel.
Awaiting further short stops to be hit soon !
This analysis is not a financial advise.
This analysis complements all my prior posts of A2M.It shows what may be used as a trigger in real time (A Bullish Pivot Point confirmation) !
Watching the upper of the congestion now.
Link at Morningstar below also worth looking at.
app.elq.morningstar.com.au
This analysis is for educational purposes only showing the confirmed Bullish Pivot Point...
It is important to know that the MAJOR TREND is still DOWN with obvious change in MEDIUM TERM TREND from DOWN to CONGESTION/TRADING RANGE where our analysis kicks off.
A real time study for those of us who may be interested in uncovering the motives of the smart money on display with A2M.
Boundaries as marked with the CLIMAX/EXHAUSTION LOW followed by CLMAX RALLY...
Due to the nature of the charting type (PnF 3 Box H/L with box size of 10 Cents) in use, we now have an established LOW POLE VERTICAL COUNT, yielding a bullish target of $11.30 which is valid but not active at this stage.
Target can also increase between know and activation trigger.
Potential V reversal and a new major bull run with A2M is still on the cards as...
This analysis is for educational purposes only.
With the demolished down trendline/supply line, bringing the major downtrend to a halt/stop, potential long term accumulation is now considered to be in effect.
See chart for further simplified notes/analysis.
A2M had been falling in a strong downtrend until recently when it managed to break its downtrend line with very high volume. This price action suggests that the Bulls may have stepped in finally and want to take price higher. It could consolidate for a while before taking off. I am bullish A2M and targeting the recent Resistance level of $7.80 which could provide...
