I agree with your TA..... don't forget the encouraging bollinger bands and MACD signals.
That said, given the general market uncertainty, all we need is for A2M to continue to outperform the NZX50 and I'll be happy.
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Nice to see ATM back above $NZ11.00 today (hope I don't put a hex on it!)
Apparently Motley Fool is reporting that Goldman Sachs are noting that A2 had a strong month sales month in the Chinese on-line market. GS believes that the online sales pick-up since September has not yet been captured by the A2 share price and has a buy rating and NZ$13.40 (A$12.72) price target.
......as always DYOR
Normally NZ follows ASX with ATM but today NZX seems to be weak with a 25cents difference with NZX price down. Wonder why??
I see some company has noticed a so called Top Triangle pattern and reckons the price will fall to the $6.40-$7.00 range, these guys should have done more Geometry at school, obvious shorters or some other hidden motive.Lol
Finishes on an $11.08 NZ equivalent on a tough day, I love this stock it's been so good to me.
It definitely looks like the current phase up (I will call it wave 4) looks corrective and hence there is likely to be more impulsive down movements.
Attachment 10202
If waves 1,2,&3 as per my count shown were actually a,b,& c then our current phase would be a wave 1 again - but it really doesnt look like that to me
(Disclaimer - not short, not long ATM - long SML - so I have no interest in it going down and would prefer it didnt given the correlation with SML
Jeez ...Vanguard up to 7%
Bought 14 million shares the other day
Seems an awful lot to buy in one go just for passive tracking of indices. Mind you they bought heaps of FPH and CNU as well ...but no TRA
http://nzx-prod-s7fsd7f98s.s3-websit...636/292716.pdf