A2M 1.97% $5.48 the a2 milk company limited

Chart Update, page-12480

  1. 73 Posts.
    lightbulb Created with Sketch. 29
    hey everyone,

    Long time reader, and first time poster here smile.png
    Been a holder of A2M since the sub-1$ days, never sold any, and did accumulate on a few occasions. Missed the "golden opportunity" to buy/accumulate during the Jayne 11$-ish days due to personal funds being at an absolute low - but hey can't have it all !

    Just thought it'd be about time I break the silence, and say thanks to some of the LTH here such as @SmugLex, @lakota6 ,@Broker67 , @rohop etc. and special mention to @hoots of course! you folks are good bunch, kept me sane, informed and educated along the way.

    Now, lets not waste a post here - we're in the chart thread after all.

    As per@Michael2's post above,
    *yes noticed the recent decline in daily volumes, and the relative trend stability.
    *Also noticed the short positions have been in a pretty tight band - in the last 1 month they've been fluctuating in between ~3.73% and ~4.03% (based on shortman data 4-day delayed)
    *and finally, assuming a 1 month chart view, the RSI is tracking roughly at mid level - neither oversold nor overbought.

    I do understand that charting or TA on a 1-month horizon is probably to small of a window, particularly with a beast such as A2M.
    and for sure daily volume, shorts, nominal trend and RSI is merely scratching the surface from a overall TA perspective.

    But I'm willing to guesstimate that neither long-ers nor short-ers are willing to take too much of a heavy bet on what's lying ahead for A2 ?
    Particularly given a good amount of positive has been priced in, and that a fair amount of shorters had been burnt in recent times (as can be seen on shortman).

    I certainly think the upcoming update will be an interesting one - might finally help us break the 20$ wall, and continue the bullish trend.

    Again, the view above is only mine - and is not intended to influence anyone, or be taken as an advice.
    Appreciate any correction to my assumptions or views.

 
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Last
$5.48
Change
-0.110(1.97%)
Mkt cap ! $3.967B
Open High Low Value Volume
$5.56 $5.57 $5.39 $15.92M 2.911M

Buyers (Bids)

No. Vol. Price($)
1 5000 $5.46
 

Sellers (Offers)

Price($) Vol. No.
$5.49 6381 1
View Market Depth
Last trade - 16.10pm 05/11/2024 (20 minute delay) ?
A2M (ASX) Chart
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