Chart Update, page-12478

In the last six weeks, A2M has developed an ascending triangle (continuation):



Checking off this chart against Stockharts.com - https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:ascending_triangle_continuation

(1) "In order to qualify as a continuation pattern, an established trend should exist."

Check - Current triangle continues an earlier (albeit broader) uptrend since March.

(2) "At least 2 reaction highs are required to form the top horizontal line"

Check - See 2 highs on the upper line (white circles).

(3) "These reaction lows should be successively higher, and there should be some distance between the lows"

Check - See 3 successively higher lows (white ovals) separated by highs.

(4) "The length of the pattern can range from a few weeks to many months with the average pattern lasting from 1-3 months.

Check - Current pattern is 6 weeks old.

(5) "As the pattern develops, volume usually contracts."

Check - See blue arrow and recent decline in volume MA (orange squiggle).

The upshot (according to Chartschool):"Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation."

Let's see if A2M tests $20 (for a 3rd time) in the coming weeks - either before or after the August 19th report.

I think Bessie here is owned by Dairy Farmers: