I think it's likely A2 will under-perform the market over the next 6 months mainly due to it's own success, no doubt its a fantastic company with a great future and shares will likely be worth a lot more this time next year but I sense a sell-off coming into August. The reason I think so is due to the pantry buying being exhausted which will inevitably cause a slower quarter / half which will lead to opportunistic shorters who will jump on board along with the brokers playing their games.
A2 Milk is now a $14B NZD company, in order for it to grow 10% it needs to add $1.4B dollars to it's market cap, these are big numbers now lads with a lot of success baked into the price, I just can't see it adding too many more billions to the market cap too quickly.
But then again everyone will just say I'm down ramping because I sold all my shares at $18 AUD.
h00ts A2m covid-19-technical analysis thread !, page-328
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Last
$5.62 |
Change
-0.010(0.18%) |
Mkt cap ! $4.097B |
Open | High | Low | Value | Volume |
$5.69 | $5.74 | $5.60 | $6.307M | 1.112M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3 | $6.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.33 | 36473 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1668 | 5.900 |
2 | 84838 | 5.780 |
1 | 1425 | 5.620 |
1 | 1000 | 5.610 |
4 | 15245 | 5.600 |
Price($) | Vol. | No. |
---|---|---|
5.340 | 2402 | 3 |
5.460 | 1218 | 2 |
5.500 | 5055 | 2 |
5.630 | 24 | 2 |
5.640 | 2719 | 1 |
Last trade - 15.59pm 13/09/2024 (20 minute delay) ? |
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