Lets revisit that absolute crock of shxt as you put it. Maybe better to hope they are right and it doesnt keep falling, will 17 hold?.The a2 Milk Co Ltd forms bearish "Rounded Top" chart pattern
Aug 20, 2020Recognia has detected a "Rounded Top" chart pattern formed on The a2 Milk Co Ltd (A2M:ASX). This bearish signal indicates that the stock price may fall from the close of18.16to the range of16.90-17.10. The pattern formed over 38 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: There has been a gradual shift from an uptrend to a downtrend. The Rounded Top represents a slow and gradual reversal of the trend from up to sideways to down. Volume diminishes near the bottom as the stock trades within a range and finally bursts as investors become more decisively bearish. While rarer than other reversal patterns and often longer term, Rounded Bottoms usually mark a major turnaround.
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Last
$5.67 |
Change
-0.190(3.24%) |
Mkt cap ! $4.099B |
Open | High | Low | Value | Volume |
$5.80 | $5.84 | $5.63 | $7.250M | 1.269M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 2026 | $5.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.68 | 11559 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2024 | 5.670 |
16 | 43338 | 5.660 |
12 | 28673 | 5.650 |
17 | 40782 | 5.640 |
14 | 49588 | 5.630 |
Price($) | Vol. | No. |
---|---|---|
5.680 | 13713 | 17 |
5.690 | 25052 | 27 |
5.700 | 33180 | 19 |
5.710 | 24907 | 11 |
5.720 | 35422 | 12 |
Last trade - 14.09pm 27/08/2024 (20 minute delay) ? |
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Dani Nadri, Country Manager Australia
Dani Nadri
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