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1.14%

$6.67 the a2 milk company limited

Chart Update, page-6476

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LeonLevy

1,881 Posts.

223

18/08/19

17:35

Post #: 40030115
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Originally posted by Michael2: ↑

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):

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.

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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And if it breaks $14.15 ... there is a long way to fall !

A2M Price at posting: $14.82 Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last $6.67		Change 0.075(1.14%)		Mkt cap ! $4.825B

Open	High	Low	Value	Volume
$6.64	$6.77	$6.64	$7.919M	1.180M

Buyers (Bids)

No.	Vol.	Price($)
42	7489	$6.66

Sellers (Offers)

Price($)	Vol.	No.
$6.67	4207	12

View Market Depth

No.	Vol.	Price($)
34	12249	6.660
25	21480	6.650
15	20740	6.640
11	29096	6.630
8	21800	6.620

Price($)	Vol.	No.
6.680	13477	13
6.690	29923	16
6.700	31659	12
6.710	9568	9
6.720	8997	7

Last trade - 15.00pm 04/07/2024 (20 minute delay)

A2M (ASX) Chart