A2M 1.96% $6.77 the a2 milk company limited

Over the last two weeks of trading, daily support has been...

  1. 250 Posts.
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    Over the last two weeks of trading, daily support has been tested at around $14.17; this price has been tested on three separate days, and has rebounded each time:

    https://hotcopper.com.au/data/attachments/1903/1903318-3e71b58225934587d8cd3367ae2bb18d.jpg

    Using the VPVR on the same chart, it shows that 70% of trading volume is occurring between $14.55 and $14.75 (purple lines). That's slightly higher than current support (the yellow line in the previous diagram).

    https://hotcopper.com.au/data/attachments/1903/1903324-62a863d2c4979934fd34bb5c160040bc.jpg

    For the year to date, the Point of Control (the price level with the highest volume across the full time period) is $14.00. Therefore, unless something goes crazy this week, A2M will end the year higher than its Point of Control. The PoC is shown as a red line below:

    https://hotcopper.com.au/data/attachments/1903/1903335-e9c28fa54df3128fa6fe913670fa729f.jpg

    When the PoC is a round number, it suggests that some stop losses and algorithms have been programmed to that price point. I wonder how long it will take for that price point to be reprogrammed...
 
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Last
$6.77
Change
0.130(1.96%)
Mkt cap ! $4.894B
Open High Low Value Volume
$6.63 $6.77 $6.63 $10.00M 1.485M

Buyers (Bids)

No. Vol. Price($)
1 2420 $6.76
 

Sellers (Offers)

Price($) Vol. No.
$6.77 37726 4
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
A2M (ASX) Chart
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