Could see a bottom in the NZ Dairy market, why..... Dairy its their biggest export market.
This can also help the fight against inflation and also with GDP as they could see a cool off in the housing/construction market due to Rate hikes.
Also seeing A2 and Fonterra companies doing well this last week with good amount of volume and a nice Gap in price indicates...
SM1 had been falling real hard until recently the price action showing that the Bulls may have stepped in. The break of the down trendline coupled with High Volume may be a sign that there has been a possible change in trend. There is also Bullish Divergence in MACD which makes me a Bull. Any retracement lower may be a very good buying opportunity with an initial...
Bullish trend confirmation indications:
1. Downtrend line broken.
2. Impulsive price action at the break of the trendline.
3. After the impulsive break, price is correcting the move slowly and in a choppy fashion.
4. Price has retraced to the 78.6 Fibonacci Retracement level.
5. Good Buying Opportunity if it closes positive or prints a Bullish candlestick pattern...
Who Knows really the new Zealand Share market is the most fickal in the world if u ask me very little makes sense on an earnings to share price ratio it is ridiculous .
Companies earning $350 m a year year on year are at $3.50 pr share and a company that earns $20m is $10 ? how does that work ?
Anyway based on Forex trading this is the most probable chance i...
SM1 is the supplier of the well known milk and infant formula maker a2milk. SM1 has recently broke out to new highs from a long base. Due to sector and stock strength, i expect the first pullback to be supported which may provide for an entry.
A Supplier of the well known milk and infant formula brand A2milk. All time high breakout on expanding volume replicating an earlier base. Any pullbacks are likely to be supported with underlying sector and stock strength.
Called out this morning when share prices broke out of the trend line and were up by 2%, well it finished the day up by 5.14%. Future support and resistance are marked on the chart
SML Guess Shares act diff from Forex and Crypto
Pattern Tends To Break To The Up Follows AT Milk Trend is up Major Good News Co Horting with Fontera Now China Market USA Market Hugh they want more
