Seems to be a view at odds with Hoots chart.
A chart should have objective data from which an objective conclusion can be drawn.
As I said earlier - draw a chart and stick some lines on it and draw your own conclusions.
Printable View
You've done well using TA, I wouldn't trade without it. On A2M the breakout close above the medium term down trend line from the spike high was encouraging, as was the perfect back test of it yesterday, bounce and closed above again at $10.80. Closing the gap between 10.99 and 11.30 is the next hurdle.
IMHO a mix of TA, FA and Gutometer is hard to beat. Get the trifecta and you are away!! :t_up:
Interesting post today on HC quoting scan data from "Australia's largest retail supermarket group" stating A2 IF sales for the last qtr up 61% on pp, and that A2 now has 31% market share.
Add these sales trends to Hoot's 'encouraging' T/A analysis and my gutometer is getting a tab excited!
(However, as Couta and Balance point out, we still have to contend with the shorters in the meantime till the next update comes out.)
I think you have summed it up well Couta. I think the successful TA guys and girls are probably being influenced by their Gutometer more than they realise. Those gut feelings influence where and how they draw their lines and the decisions they make.
Personally I just rely on my whiskers - mostly they are right enough to counter when they are very very wrong. Maybe it has been too easy in this market over the last 10 years or so and a chimp throwing darts would probably be as good as this cats whiskers. Very hard to say.
Nestle and their maternal A2 milk powder.
https://www.nutraingredients-asia.co...aign=copyright
http://www.sharechat.co.nz/article/8...k-diverge.html
The same guys recommended to sell and that too in August.I just don’t believe these guys. In fact I bought more until Jayne sold and rest was history.
Covering their shorts? It seems to be rising nicely today