Just my idea, pls adjust if im wrong anywhere, much appreciated
Have an EW count chart for this but here is another scenario that could play out also.
Looking like an irregular expanded flat count which has completed/very close we have an invalidation line marked if we bust below gl.
I reported earlier in the month that A2 Milk was showing a good formation of a head and shoulders pattern. This week we had a confirmed breakout of the neckline, here is my complete analysis. Price has fallen and closed below 30EMA (weekly). Price has fallen and closed below 200EMA (daily). CCI indicator(daily) is reading 222, which is a sign of strength...
A2 Milk appears to have lost to the bears. A very distinct head and shoulders pattern has emerged although still not confirmed until neck line is broken. Taking a look at the relative strength, A2M is under performing the ASX 200 (XJO) which also is a strong bearish sign. Increased volume on negative candles and on right shoulder shows strong possibility of break...
Keeping an eye on A2 Milk as a possible head and shoulder's pattern is emerging. Definitely not confirmed but a good one to add to the watch-list that's for sure.
parabolic gains, thousands of percent in just a few years.... for milk.... over 10B $AUD company impulse 1 - 2 - 3 - 4 - 5 complete Head and shoulders at the top Divergence across RSI from weekly Diverging descending triangle haven't looked at fundamentals, was just going through Market capitalization of XAO and saw A2M was at 10 B... sounds over valued to...
A2M - A2 Milk Company up 3.72% in today's session. The share prices hit a critical retracement price level at 14.75 in last week session and have now created a price channel to the upside in today's price movement. A2 share prices have the potential to head back up as long as it remains within the price channel as indicated on the price chart below. Short term...
A2 Milk Company up 3.72% in today's session. The share prices hit a critical retracement price level at 14.75 in last week session and have now created a price channel to the upside in today's price movement. A2 share prices have the potential to head back up as long as it remains within the price channel as indicated on the price chart below. Short term targets...
A2M is still good value in the 3 monthly view. With earnings a month away it will probably pump to compensate for increased sales to china according to NZ port data.
I might be stretching here to see a H&S from the slightly erratic chart, but lets see how it goes. Once it closes the gap it has free license to fall, giving a great short opportunity of several dollars per share.
top growth stock moving to new highs with a MACD signal and volatility pattern.
From 2015, the A2 Milk Company saw an amazing growth stage from less than $1 a share right up to a peak of $13.78 in February 2018. On the 22nd February we had obvious climatic action. The stock was up over 50% in two days before retracing on the 22nd. The stock began to fall. On the 16th May we see our first sign of possible buying interest again with our...
strong growth reported in February, trading at all time highs.
A2 Milk ASX:A2M is still bullish. Just be be cautious, daily chart is oversold. Target: $14. A break-down below $10.85 will invalidate this outlook.
Weekly shows A2M entering areas where significant selling came in in the past. Be careful if you're long.