A2M 6.82% $4.92 the a2 milk company limited

Consolidation tends to imply a period of sideways movement and...

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    Consolidation tends to imply a period of sideways movement and no breaching of higher or lower resistance levels. I.e. not setting new highs every day.

    We are definitely not in a consolidation just by virtue of the fact every day is setting new yearly highs at the moment.

    I'm not a chartist but after seeing it breach 7.20 level I'm hopeful that the current run might continue a little further.

    But there are only 4 more weeks until the FY ends and the company will have the full year financials in their hands. I kind of expect a little bit of profit taking and tax time selling before that happens.
 
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