A2M 2.44% $5.99 the a2 milk company limited

Chart A2m, page-42

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    After breaking through downtrend resistance earlier in the week, price has respected a longer term uptrend support with the 50.0Fib retracement as overhead resistance. Over the past week some bullish divergence on the s-stochastic has formed and the MACD retreating from being well into overbought. A MACD up cross in this region would be bullish over the next week with subsequent resistance at $1.73 -$1.75 needed to be convincingly broken. If this did not occur in the next 5 - 7 days it would be st bearish. A close below the up trend support would also be st bearish.


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