A2M the a2 milk company limited

Looking at the overall trend @EtDawg, and updating the previous...

  1. 254 Posts.
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    Looking at the overall trend @EtDawg, and updating the previous chart from prior discussions (https://hotcopper.com.au/posts/66338929/single, https://hotcopper.com.au/posts/66357800/single and https://hotcopper.com.au/posts/66360861/single), the prior resistances formed after the announcement in mid-February are holding strong. That rally up until 9th March tested the $6.86 resistance perfectly and the share price has fallen away completely since. An Elliott Wave 5 formation has formed on the daily chart, as you can see below too, which suggests that the share price could return to the low of the trading range from September 2022, which would be $5.08 as a price target (shown at number '4' in the chart).

    In the short-term, I'm particularly interested to see how price action reacts to the upcoming major support level at $6.07, which was formed on 22-Feb-2023, since we could see some short-term bounce-back in price action from the short-range support level at $6.32 from 27-Feb-2023.

    https://hotcopper.com.au/data/attachments/5134/5134932-a719fb64c0f751e31169c9e5c789514f.jpg
 
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(20min delay)
Last
$7.82
Change
-0.135(1.70%)
Mkt cap ! $5.676B
Open High Low Value Volume
$7.97 $8.02 $7.81 $5.591M 708.9K

Buyers (Bids)

No. Vol. Price($)
22 10086 $7.81
 

Sellers (Offers)

Price($) Vol. No.
$7.82 1960 9
View Market Depth
Last trade - 14.31pm 24/06/2025 (20 minute delay) ?
A2M (ASX) Chart
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