Chart Update, page-8958

Alright, so some of you on HC here have convinced me, the chart of A2M’s has unrealistic expectations on a T/A basis going into this week. I still think it will be stuck between $11.60 and much over $12.

I countenance that the S&P 500 had a considerably positive closing tick, Mengniu getting bellamy’s is good sentiment, Mengniu and now Yili having the pressure on to potentially moving onto the likes of A2M and AHF, the next long mooted plays, although not quite yet.

I still hold but not strongly above $12, IMHO but pls DYODD it is as your trading firms say in Australia a reduce much above $12 and an “add” below say $11.60-$11.70 the bearish resistance. The chart indicates it is as stuck as a Democrat to opposing anything patriotic or American.

Still I hold but change my sentiment to hold from buy, IMHO the A2M chart ain’t going to move much and will just trade range, the result will not blow the lights out or fall much short, it will just be as boring as an impeachment proceeding.

Range trading sucks but this A2M chart is one that shows an unavoidable tendency for range trading between $11.60 and a little over $12.

Mengniu and/ or Yili moving onto the next Australian dairy asset rumored to be either A2M or AHF might break the cycle but I do not expect that in the next week IMHO.

Change my sentiment to hold.