ATM - A2 Milk Corporation Limited

[winner69]

Hey BP - I don't think we can even say its currently in down trend contained in a long term uptrend. It seems the break below 1300 put paid to that as we got a lower low

Yes?

[Cottagestyles]

A confirmed downtrend is a downtrend confirmed by several technical indicators.

Attachment 12354

In this case: ATM is currently below the MA50 (the green line above), it is below the MA 100 (the pink line above), below the MA 200 (the red line above) and (less frequently used, but still more concerning) below the MA400 (the orange line above). As well - trend is past the cross of death (MA50 dropping below MA 200);

Anybody with eyes would see that, but sorry, I do not have a braille version of the graph for you.

Which other indicators would you need to recognize a downtrend?

Some posters might like a little aloe vera to go with that.
BP SAVAGE

[ralph]

Saw this advertised last night via social media.
Felt I would share.
Bay of plenty company I believe?
Some popular products they produce already.

https://lewisroadcreamery.co.nz/coll...mogenised-milk

Hi Lemon They are really good I use their products all the time worth that bit extra for top quality !! even though I invest in the opposition. Doh

[Baa_Baa]

Hey BP - I don't think we can even say its currently in down trend contained in a long term uptrend. It seems the break below 1300 put paid to that as we got a lower low

Yes?

Hate to say it, but while ATM is undoubtably below a lot of longer MA's, it is most certainly not in a long term downtrend. It might seem long for anyone suffering the recent medium term down trend, but definitely not long term.

You have to back out to a monthly chart to see that the uptrend from 2005 is rock solid, and even the steeper long term uptrend from 2010 is intact. It would have to close below about $5.00 to break that long term up trend.

If you talking about the 2015 very steep uptrend to mid-2019, and consider that to be long, then yes it broke down from that about a year and half ago, so that's not really long term trend news. Basically in TA terms, it's range trading for the past three years. That in itself should give the 'longs' something to ponder.

The wheels of exhurberance in the market came off in August 2020 and have not yet reattached. Is the company going broke, heck no way. It it a good time to buy, well who would know for sure, I guess it's about ones personal risk/reward profile. The day to day chatter is so meaningless and irrelevant when one takes a long term view.

gltah

[Baa_Baa]

Here's a thought for the genuine longs. Sharetrader and other discussion groups is akin to watching your feet in a marathon. Look to the horizon instead. The bumps and opportunities along the way will make themselves apparent, attend to them yourself.

gltah

[Beagle]

A confirmed downtrend is a downtrend confirmed by several technical indicators.

Attachment 12354

In this case: ATM is currently below the MA50 (the green line above), it is below the MA 100 (the pink line above), below the MA 200 (the red line above) and (less frequently used, but still more concerning) below the MA400 (the orange line above). As well - trend is past the cross of death (MA50 dropping below MA 200);

Anybody with eyes would see that, but sorry, I do not have a braille version of the graph for you.

Which other indicators would you need to recognize a downtrend?

Post of the week for sure. You're now a fully accredited member of the "B" team

[see weed]

Pull up a 5min chart on A2M and take a look... been trading in a 2 cent range for hours on fairly low volume. Pretty crazy after the volatility we've seen.

Yes, I noticed that too. Maybe the shorters have left the building until the next downgrade. If not another downgrade then congrats to anyone who got in below $9 last Thursday 25/2/21, $8.92 the low for that day and the year so far. Could be another uptrend starting in the last 4 days.

[Balance]

https://www.interest.co.nz/opinion/1...ved-little-six

Another day, another broker downgrade.

[Beagle]

https://www.interest.co.nz/opinion/1...ved-little-six

Another day, another broker downgrade.

Thanks for sharing. Interestingly they have downgraded to eps of 31 cps for FY21...same as some old dog on here ...and they're not predicting much of a recovery in FY22.

[winner69]

Thanks for sharing. Interestingly they have downgraded to eps of 31 cps for FY21...same as some old dog on here ...and they're not predicting much of a recovery in FY22.

Legend Beagle seems happy that guru Forbar analysts agree with him .....usual response is ‘don’t have much time for Forbar’

So F21 eps 31 cents it is

The mentioned Chelsea is a pretty switched on person ...and nice to go with it.