One from Danone the other day and one today from Bellamy”s .. sounds to me -the new CEO is pretty aggressive. Especially most of the appointments are directly reporting to him. Bring it on!!
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One from Danone the other day and one today from Bellamy”s .. sounds to me -the new CEO is pretty aggressive. Especially most of the appointments are directly reporting to him. Bring it on!!
"Li is the managing director of Ctom Group Holding and has watched daigou sales of his skincare and health supplements by drop 80 per cent, but he says a new sales model is already evolving.
Kiwi daigous are becoming “brand ambassadors” who work with distributors, brands and manufacturers, and do live-stream product promos.
“Some have a million followers on TikTok, some have over 100,000 followers ... I know quite a few that make $1000 a week.”"
https://www.stuff.co.nz/business/125...due-to-covid19
From the latest appointments, we can see ATM is not sitting there and waiting for die. They are fighter!
Given the fact their brand is still hugely popular in China, it will be a matter of time to recover.
More rearrangement of the deck chairs at ATM today
Why don't they "merge" with Bubs Australia
An easy scrip exchange could give them access to the US market (Supplier to ATM, Synlait have given up via shareholder Munchkin)
Bub mkt cap $300m v ATM $5650m
Just saying
https://www.shortman.com.au/stock?q=A2M
Shorts building up momentum again so there are those who obviously see an opportunity to make money (again?) from the recovering sp.
Really interesting to watch this play out (and amazing trading in the meantime!). That data is 4 days delayed so will be interesting to see if they're still increasing after breaking some technical levels the last few days.
If the company is concerned about share price they just need a trader to time positive spin announcements for them. Right around key short stop levels to create pops in the price, creating endless short covering momentum. Elon Musk has been a master of this.
We have retraced ~70% from the previous weekly high (wc 12/4) and low (wc 17/5) so odds strongly favour a weekly higher low being set (i.e. not falling below previous lows). Ideal scenario for the bulls is a retracement up to a maximum of AU$6.50 and then continuation, forming a weekly bull flag. I am still looking for the weekly lower high to be set, with the strong resistance rejection on Monday and daily overbought RSI indicating to watch for this. The bear volume hasn't be convincing though.
Disc: have been day trading with bullish bias last few days, however short again on NZX as of this morning, will short further on ASX if it gaps up on open (tight stops as am trading counter trend and further upside is real possibility).
a2 continuing momentum from 618 sales, surpassing Aptamil. Serves as a proxy for penetration into Tier 3 & 4 cities as JD’s supply chain is more superior than other platforms.
Attachment 12745
Had to be a bit more patient but there's the weakness I was looking for, with big spike in volume. Covered most of the position into AU$6.90 and now just looking for quick flips.
Bigger picture I am now looking for a daily higher low to be set and then a daily lower high, resulting in weekly consolidation.
Big drop today when Ozzie opened..Continuing behaviour.. NZ bullish at opening Ozzie bearish at opening..Even with the previous rising share price it must be a great set up for the shorters as this behaviour has been happening for a while now.
The last few days has seen a lower than average volume
Anyway the rising trend is interrupted (breather?) at the EMA100 resistance, which isn't a surprise as we must remember the recovering?? ATM (A2M) is still in Bear status (price below the MA200). If ATM is trying to shake off its Bear Status then it is important that the EMA50 support area holds (~NZ$7.00) (~A$6.50)..Interestingly it is also the second support which a rule of thumb disciplined few will have their stops set just below that price.
As I type NZ$7.36 -21c -2.8% with no medium term (default settings) technical damage...only very short term damage.
Disc:Still holding
Closed on the lows with the largest volume since the gap down so that's a short term red flag.
My ideal scenario I'm looking for is a flush down on the ASX within the first 15 mins tomorrow, hourly RSI oversold to coincide with support around AU$6.60, marking a daily higher low. Then sell and go short looking for a daily lower high leading to weekly consolidation (maybe around AU$7ish - but monitor price action and volume).
Impossible to predict where a weekly higher low will be set, however we do know it is the most likely scenario given the size of retracement (once we officially set the weekly top). As we know to be looking for it, it's a case of monitoring price action closely and waiting for the setup. There are strategies to try and hit the weekly bottom for advanced traders, however most people are best to simply wait for a weekly candle to close above the previous week.
As Hoop says, medium term (trading weekly trends) what we saw today has caused no issues and is expected price action. I would say though that when we get weekly consolidation the weekly higher low (most likely scenario) can be set anywhere between the previous low and around the current price. This is a massive range and is why I do not view buys around current prices as sensible trades unless you are managing risk through other strategies.