A2M 1.96% $6.77 the a2 milk company limited

It's funny you should ask that, because after finishing that...

  1. 250 Posts.
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    It's funny you should ask that, because after finishing that post (and posts for some other stocks) yesterday, I turned off my computer and continued reading Bulkowski's Getting Started in Chart Patterns (2nd edition).

    I checked the section on ascending broadening wedges, which mentioned that "Neither trend line should be horizontal" (page 87 of 256).

    So with that in mind, I did a comparison against that example on The Pattern Site:

    https://hotcopper.com.au/data/attachments/2069/2069592-18475b1e7a13ee4ba9ebb5b950863e6a.jpg

    That visual example isn't quite sharp enough, so I reproduced it on TradingView. It turns out that his lower trendline doesn't quite connect his daily candlestick lows - so his red trendline is actually a fraction flatter than the way he has drawn it. Using proper touches (like I did with A2M), it shows that his lower trendline has an angle of 2 degrees:

    https://hotcopper.com.au/data/attachments/2069/2069607-c6e0e1d0133b6364ca3dd024a67731b8.jpg

    When comparing that against my A2M example, it has an angle of 3 degrees:

    https://hotcopper.com.au/data/attachments/2069/2069608-43bbf362f31e19d7234c9afc74c3d2c1.jpg


    Admittedly, neither trendline is that steep - especially when zoomed out. Maybe it's splitting hairs, but when comparing apples with apples, the weekly lower trendline (for A2M) is steeper than Bulkowski's visual example...by 1 degree smile.png
 
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Last
$6.77
Change
0.130(1.96%)
Mkt cap ! $4.894B
Open High Low Value Volume
$6.63 $6.77 $6.63 $10.00M 1.485M

Buyers (Bids)

No. Vol. Price($)
1 2420 $6.76
 

Sellers (Offers)

Price($) Vol. No.
$6.77 37726 4
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
A2M (ASX) Chart
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