A2M 1.42% $6.23 the a2 milk company limited

Chart Update, page-18592

  1. 258 Posts.
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    After a month of manipulated parallel line MACD finally is crossing over today. Such long parallel manipulation hasn’t almost never happened.

    Together with it is the ticking up in PROC. Also worth noting is both RSI and MFI ( That takes in account of volume)are in the
    oversold zone. If you look back in history , whenever both RSI and MFI were both in deep oversold territory (<30%) it always followed by a significant bounce.

    Today’s candle stick also looks an engulfing bull and will most likely end up as one although the volume is average. If pattern continues tomorrow, then most likely a bottom will be confirmed around 7.88 as where the Morgan Stanley’s put call is.
    https://hotcopper.com.au/data/attachments/3069/3069792-1a84f7f4f1431f57adaa7a49f75df217.jpg




 
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