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:
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In the last six weeks, A2M has developed an ascending triangle...
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Last
$6.85 |
Change
0.170(2.54%) |
Mkt cap ! $4.952B |
Open | High | Low | Value | Volume |
$6.73 | $6.89 | $6.73 | $10.55M | 1.548M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10450 | $6.85 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.89 | 10276 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10 | 7.000 |
1 | 9 | 6.930 |
1 | 150 | 6.900 |
1 | 90 | 6.860 |
1 | 73 | 6.850 |
Price($) | Vol. | No. |
---|---|---|
6.790 | 49 | 1 |
6.800 | 709 | 1 |
6.850 | 4791 | 4 |
6.880 | 1350 | 2 |
6.890 | 10722 | 2 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
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