Just wanted to share that A2 Milk share price is now about to enter a new phase according to simple charting.
The price has reached a limit in terms of accumulation at this level and something has to give.
If the outlook for the company is poor I would say it's about to fall into a lower trading channel, however, a profit upgrade may be likely and publicity , demand , research results have been fantastic so more likely for an upward channel.
In my humble opinion we are very likely to see the next leg up in the coming 2-5 days looking at the trends forming on paper.
Your thoughts are welcomed.
(Please keep this a charting/share price thread if possible)
A2 MILK | Get ready for the next leg
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Last
$6.68 |
Change
-0.020(0.30%) |
Mkt cap ! $4.829B | |||
| Open | High | Low | Value | Volume |
| $6.70 | $6.71 | $6.61 | $6.477M | 971.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12782 | $6.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.69 | 15324 | 5 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |