A2M 1.05% $6.59 the a2 milk company limited

Looking at the weekly chart, the week beginning 8 October 2018...

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    Looking at the weekly chart, the week beginning 8 October 2018 was when a certain someone sold a truckload of stock. Using that week's range as a baseline, A2M is settling back into a longer-term channel. When plotting a 31-degree angle to that range, it suggests support at $14.15 (when extrapolated to August 2019):

    https://hotcopper.com.au/data/attachments/1689/1689774-9bf106f7144ae503bd9363200822f871.jpg

    When raising the higher line of this channel to include the big gain on 18 February 2019 (announcement of half-yearly results), A2M's weekly price action has occupied this range almost perfectly for 10 months. When extrapolated to August 2019, this suggests an upper range of $17.64.

    https://hotcopper.com.au/data/attachments/1689/1689778-c85046f8905aa883e99e81a3dfd0d1c5.jpg

    With yearly results out shortly, let's see if the price breaks through the upper line (if results beat guidance), or the lower line (if they don't).
 
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