A2M 0.00% $6.88 the a2 milk company limited

Ann: Admission to the S&P/ASX 100 and S&P/NZX 10 Indices, page-121

  1. 271 Posts.
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    Hyer Wayward,

    Thanks for your thoughts on this thread.

    I'll have a go at your 'scenario':

    - let's consider a few things here like how reliable are the news coming out of China; no disrespect intended but who was the source of the news?

    - as a poster mentioned, was the product really A2M's or 'a local unofficial version' ?

    The Fundamentals appear to be in great shape and, unless there was a serious issue here, a scare would not make any difference to the overall future prospects of the company.

    Now let's move to the TA side:

    - at the $4- level, this would represent a good pullback to the 61.8% which, considering the stellar run the price has had, it probably would not be such a bad thing;

    - there is noticeable support in the zone;

    - Volume - what you think of it Ww? My reading is that it is still Bullish.

    What would I do?


    - as an holder, I'd keep abreast of developments to see if there was any substance with the 'health issue';

    - if it looked like that was no case to answer, I'd be adding to my position.

    Attached 2 charts.

    Ww please share your thoughts.

    Many thanks Wayward.

    Cheers,

    soccer

    A2M - Monthly.png


    A2M - Daily.png
 
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