A2M 0.87% $6.85 the a2 milk company limited

Closing price above $1.82 is crucial, page-8

  1. 653 Posts.
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    I did alright when I traded A2M for the first time in Dec 2015. Bought on 21st Dec @$1.53 and sold on 29th Dec @ $2.17 - $2.21 as it hit my trailing stop loss.

    A2M came up on my trading radar again in Feb16 when it opened with a huge gap on 17th Feb.

    Closed on 16th Feb @ $1.875 and opened on 17th Feb @ $2.25 and hit an intra day high of $2.30 and closed the gap between $1.875 and $2.25 by hitting an intra day low of $1.83.

    Interesting point is that A2M closed on 18th Feb @ $1.865 and opened on 19th Feb @ $1.83 and this gap has not been closed since. It hit a low of $$1.52 on 8th Mar and since then it has rebounded and hit a monthly high of $1.82 on 23rd Mar.

    I have been watching closely and been following A2M since 17th Feb. I bought one parcel @ $1.64 and added another parcel @ $1.71 because I think clearly and trade better when I actually hold a position in the stock. I was meant to add another parcel @ $1.78 but I decided to hold off buying due to the Easter break. I will add more to my current position as soon as it closes above $1.78 again and keeping creating a pyramid position on A2M and keep increasing my trailing stop loss as price goes up. If it drops and my stop loss gets triggered then I will sell and reevaluate the stock again.

    Let me know if I am doing anything wrong. Your constructive feedback on my trading strategy will be highly appreciated.
    Last edited by pslally: 25/03/16
 
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Last
$6.85
Change
-0.060(0.87%)
Mkt cap ! $4.952B
Open High Low Value Volume
$6.91 $6.93 $6.81 $7.337M 1.070M

Buyers (Bids)

No. Vol. Price($)
1 4252 $6.84
 

Sellers (Offers)

Price($) Vol. No.
$6.86 10763 3
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
A2M (ASX) Chart
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