I think yesterday's price action was one of those classic...

I think yesterday's price action was one of those classic situations where FA and TA perfectly lined up.

FA-wise a combination of EOFY selling coming to a close and PET overflow exuberance. As someone who was in A2 Milk for a number of years, the China contagion effect is very real. When one milk/supplements company had a good China announcement, all the others followed suit, and vice versa.

TA-wise, that had all the hallmarks of a falling wedge reaching resolution – descending price on descending volume – mixed with a post-gap fill bounce at a previous resistance (now turned support). That should be enough to shake out the negative price momentum from the last move up I'd think. Onwards and upwards to 71c!

...I hope.