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03-06-2021, 08:56 AM
#21921
Originally Posted by dobby41
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
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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03-06-2021, 09:01 AM
#21922
Originally Posted by dobby41
Why did they go up?
According to some stockbrokers, bargain hunters starting to get interested.
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03-06-2021, 09:06 AM
#21923
Originally Posted by winner69
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.
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03-06-2021, 10:23 AM
#21924
Originally Posted by Blue Skies
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.
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03-06-2021, 10:29 AM
#21925
Originally Posted by Left field
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?
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03-06-2021, 10:33 AM
#21926
Originally Posted by porkandpuha
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.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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03-06-2021, 10:42 AM
#21927
Originally Posted by winner69
‘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.)
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03-06-2021, 10:59 AM
#21928
Member
Originally Posted by porkandpuha
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
Last edited by causecelebre; 03-06-2021 at 11:13 AM.
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04-06-2021, 11:59 AM
#21929
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04-06-2021, 07:33 PM
#21930
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.
Last edited by winner69; 04-06-2021 at 07:35 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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