A2M 1.16% $6.13 the a2 milk company limited

Hi Friends, This is how I see the Price movements (Chart)...

  1. 271 Posts.
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    Hi Friends,

    This is how I see the Price movements (Chart) unfolding:

    I'm attaching 4 charts showing my workings.

    A2M - Monthly - showing a couple of very Strong / Significant Candles and the Price needs to find Support at the Open of the last one. It is only when it breaks / Closes below it, on a Monthly chart, that there is evident weakness. So far this is a correction, which was needed after the price was 'engineered' to allow for the 5 execs to Sell their escrow shares back in Feb. Pretty disgraceful, if I may be honest. Five of the 6 sold their shares !!

    A2M - Weekly 1 - showing the Fib Retracements, indicating a likelihood of a pullback and strong support in the area of $8.60 and $9.00. Please note that it does not have to travel that far but until it does come down to at least $8.60 and then shows signs of support, it may be better to hold your buying. I intend to add to my holdings but not before that.

    A2M - Weekly 2 - showing the Fib Extension for the next target which is $15.45

    A2M - Weekly 3 - showing the following Target at $19.60; Please note that there is another one at $26.40. I am reasonably confident that this last target of $26.40 will be achieved, but please don't hold me to that.

    On a personal note, I'm a Holder and mostly in my Supper. Because of that I did not sell when the shenanigans in Feb took place; these were clearly seen on a Daily chart.

    It's been my intention to consider selling at $19- but we'll see. My sentiment remain Hold as this is a stock with good Fundamentals and in spite of the disgraceful events on the part of the Board, the Execs and the CEO it still remains a stock with huge potential and you need to think carefully before bailing out. But that's your call.

    Cheers,

    soccer

    A2M - Monthly.png

    A2M - Weekly 1.png

    A2M - Weekly 2.png

    A2M - Weekly 3.png
 
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Last
$6.13
Change
0.070(1.16%)
Mkt cap ! $4.431B
Open High Low Value Volume
$6.06 $6.13 $6.04 $8.538M 1.400M

Buyers (Bids)

No. Vol. Price($)
1 10000 $6.11
 

Sellers (Offers)

Price($) Vol. No.
$6.13 29909 5
View Market Depth
Last trade - 16.10pm 07/05/2024 (20 minute delay) ?
Last
$6.10
  Change
0.070 ( 0.58 %)
Open High Low Volume
$6.08 $6.11 $6.03 348783
Last updated 15.59pm 07/05/2024 ?
A2M (ASX) Chart
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