ATM - A2 Milk Corporation Limited

[winner69]

Why did they go up?

Followed Synlait up one guru said .....same guru said Synlait went up because they raised farm gate price (and a bright outlook for dairy )

But probably A2 went up because more punters thought it a good buy than those who thought it a dog ....things like Chinese birth rates, dairy prices etc etc etc are just day to day noise and a distraction ....even a class action made the price go up

[Blue Skies]

Why did they go up?

According to some stockbrokers, bargain hunters starting to get interested.

[Master98]

Followed Synlait up one guru said .....same guru said Synlait went up because they raised farm gate price (and a bright outlook for dairy )

But probably A2 went up because more punters thought it a good buy than those who thought it a dog ....things like Chinese birth rates, dairy prices etc etc etc are just day to day noise and a distraction ....even a class action made the price go up

sharemarket always irrational.

[Leftfield]

According to some stockbrokers, bargain hunters starting to get interested.

According to HC guru Hoots, a tentative bottom may be forming. That said, ATM may track sideways till next results/announcement. Here's Hoots TA FYI. (Nice upside gaps noted.)

a2m.jpg

Disc - Holding not adding.

[porkandpuha]

According to HC guru Hoots, a tentative bottom may be forming. That said, ATM may track sideways till next results/announcement. Here's Hoots TA FYI. (Nice upside gaps noted.)

a2m.jpg

Disc - Holding not adding.

I'm no chartist, but it looks like the same formation was happening just prior to the 2nd of the 5 white boxes?

[winner69]

I'm no chartist, but it looks like the same formation was happening just prior to the 2nd of the 5 white boxes?

‘Chartists’ draw lines to suit their story

I would have punt in bottom channel line as well and said still trading in that channel and could bounce off the top channel line and ghead to a new low.

[Leftfield]

‘Chartists’ draw lines to suit their story
I would have punt in bottom channel line as well and said still trading in that channel and could bounce off the top channel line and ghead to a new low.

Current PE around 14 probably tempting some... but maybe best to wait for a more pronounced uptrend (and more positive news.)

[causecelebre]

I'm no chartist, but it looks like the same formation was happening just prior to the 2nd of the 5 white boxes?

Aside from the double bottom. Perhaps some are trading the +/- 70% chance it will get to to 6.80ish. Some might argue there was also a tweezer on the weekly

[dreamcatcher]

News from the Land of Shorters

‘Send a strong message’: Senator calls for ASIC to take harder line on activist short sellers (theage.com.au)

[winner69]

Pity A2 share price not doing as well as Synlait’s ...that’s up more than 20% on last weeks low post that dreadful downgrade

A2 up 10% in same period

Synlait the milk sector star.