A4N 2.50% 82.0¢ alpha hpa limited

Ann: Company Activities Update, page-14

  1. 13,811 Posts.
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    Looking at some charts after market and noticed a big move today on another stock I follow, but unfortunately I didn't buy - ZNO. Also interesting that they have very similar chart patterns although over different time frames (1 year chart for ZNO and 3 year for A4N).

    Both had an initial big move followed by a lengthy saucer shaped consolidation. Both broke out, fell back below, broke out again, came back to retest and then moved higher. ZNO has now recently doubled over around 3 weeks. A4N is around at the point on the chart just before ZNO moved sharply higher. ZNO did it on news. The close for A4N was non-indicative of today's trading with a VWAP of 20.5 and a couple of low volume late trades to finish it at 19c. Clearing out a few more shorter term traders today that were probably waiting to sell the news. We have plenty of news to come. Sometimes a stock just needs to shake out some short term traders before it really moves. Today's was very good news for A4N. More to come. Sp is holding comfortably above support. Hopefully we follow the usual pattern following a break out of a saucer pattern and we also see a doubling in the sp over the next 1-2 months. Each correction is proving to be a good buying opportunity for both of these stocks. I doubt this one for A4N will be any different and A4N still has its larger move to come.


    https://hotcopper.com.au/data/attachments/1897/1897985-21e55a63599221a0bfefc54082c99919.jpg



    Last edited by chuk: 23/12/19
 
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Last
82.0¢
Change
0.020(2.50%)
Mkt cap ! $930.3M
Open High Low Value Volume
80.0¢ 82.0¢ 79.5¢ $660.9K 822.0K

Buyers (Bids)

No. Vol. Price($)
1 10064 80.5¢
 

Sellers (Offers)

Price($) Vol. No.
82.0¢ 14425 3
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Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
A4N (ASX) Chart
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