ATM still on track to reach $25 sometime next year
Love these charts showing share price and EPS - nice simple picture over time
Does show market gets rather excited at times (new highs) which causes a bit of a sell off -- in the big picture of things some nice but traders love those times -- but love that steady uptrend, cool as
Last edited by winner69; 16-09-2020 at 04:28 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
ATM still on track to reach $25 sometime next year
Love these charts showing share price and EPS - nice simple picture over time
Does show market gets rather excited at times (new highs) which causes a bit of a sell off -- in the big picture of things some nice but traders love those times -- but love that steady uptrend, cool as
ATM still on track to reach $25 sometime next year
Love these charts showing share price and EPS - nice simple picture over time
Does show market gets rather excited at times (new highs) which causes a bit of a sell off -- in the big picture of things some nice but traders love those times -- but love that steady uptrend, cool as
Yep downrampers and non holders conveniently forget where this stock has come from and lack vision to see where its heading to, of course as you have kindly pointed out we know that is $25.
Speaking to the TA, 100MA leaves about $1.70 on the table if it recovered to there today, the 100MA is declining though. ATM has found three supports in confluence, the horizontal support from July 2019 high, the 200MA, and the 0.382 FIB retrace. The last 5 days ATM probed below the 200MA and closed on or above it. RSI has also turned up as has the MACD crossing up and the histogram crossing up through zero.
Despite ATM having previously gone well below the 200MA, at present notwithstanding some external shock, it looks to have price support which could turn into another up leg. This is not advice, just an observation for anyone who takes TA into account and see's the downside risk as less than the upside opportunity.
Thanks Baa Baa.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
ATM still on track to reach $25 sometime next year
Love these charts showing share price and EPS - nice simple picture over time
Does show market gets rather excited at times (new highs) which causes a bit of a sell off -- in the big picture of things some nice but traders love those times -- but love that steady uptrend, cool as
That my friend, is a thing of beauty!
As long as you think the steps are going to keep going!!
As long as you think the steps are going to keep going!!
Good points. Obviously - nobody can foresee the future ... and if for some reason their biggest market (China) decides to discriminate against NZ product (as they currently do against US and Australian product), then EPS (and with it share price) trend well might take a dip.
Not saying this is going to happen, but just one risk shareholders need to be aware of. A2M is a classical high risk - high reward story.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Good points. Obviously - nobody can foresee the future ... and if for some reason their biggest market (China) decides to discriminate against NZ product (as they currently do against US and Australian product), then EPS (and with it share price) trend well might take a dip.
Not saying this is going to happen, but just one risk shareholders need to be aware of. A2M is a classical high risk - high reward story.
With A2 being the future of milk i don't classify it as high risk, two men looked out through prison bars, one saw mud and one saw stars.
Lot of downward pressure at the moment, just as it looks like it might recover, down it goes again. Might go on like this for a while, last year the low point wasn't reached until early November & with so much uncertainty & turmoil in the US I suspect October could be pretty flat.
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Originally Posted by winner69
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