A2M short after breaking out from baseEntry:13.82
Stop loss: 14.39
Broke out of rounding pattern today with the 3 SMAs in order. Would have preferred a higher accompanying volume though.
A2M trade ideas
Moo - A2M Huge weekly channel retested. Though change in fundamentals but more bullish candle will confirm the technical rebound here.
Timeframe - A minimum 3-6 months. Target 18.5 AUD
A2 Milk - weeklyKia Ora,
Potential price reversal from CMP, long term investor can exit and buy back at 15.50 - 14.50.
Are we looking at another 30% Drop for ATM? (NZX)NZX:ATM
For the last 2 years we saw drops of circa 30% from the posting of Aug results finding favour again in Oct - Nov.
Given there is some rhetoric in the market that ATM is over priced - will we see the same in a Covid-19 environment?
Sell $A2M A2 Milk Time to get out of A2M for now.
First level of support is the purple line.
Note - This is my first publish idea Sent from my iphone.
A2 20 AUGUST 2020 0628 hrs (nearing key support)Weekly/daily clear uptrend.
Targeting re-accumulation areas with the intent to position with the trend.
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a rage (phase B)
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
Dee Nixon
A2 sell off what do you guys think?a2 just finish the abcde pattern and look like it also forming a bearish wolf pattern in a weekly time. Price indicate would be 10-11 in Feb 2021.
its also look like just got out of the distribution state. and beginning it down run. its might retest again and wait till the end of this month if price still under 18.50 then Im pretty sure it going down to 10 dollar area before bullish again
Next potential breakout of A2M!?A2M may be creating for the next wave or potential breakout if its share price is gone to A$9.95 or above together with higher volume .
Once the price is closed at $9.95 or above next few days, it could be a good sign to buy for higher price.
Bull Put spread on spike in volatility - The Anty strategy
I think with the slightly over-cooked sell-off into an area with high volume trading activity should be price
stabilize. This is a strong company with good projected income potential over the next few years. If I was forced to buy it via exercised then I could live with that.
In the meantime - I can pick up a credit at close to 'at-the money' and see what happens....it just has to expire in 3 weeks above 18.00 before I'd need to consider 'rolling down & out ' etc
The volatility spiked up about 7 % which means the options premiums will be slightly fatter,
and there is only 15 trading days left before expires for time-decay to work it away...
This is "the Anty" strategy - adopted a bit longer for options
Turtle soup plus 1 : short at new 20 day highThis new high seems climactic...selling a break-back below older 20 day high level for a few days hold correction only.
As a CFD trade, I will re-assess at close of trade today and if not in good profit may add a 'Guaranteed stop ' premium to avoid any surprise GAPS after weekend upwards.
A2M - Forming Bull FlagA2M Currently range bound between $17.75 & $19.05 but also forming a bull flag. Presently impacted by trade tensions with China. Worth keeping an eye on
Stock to Watch & buy setup in A2 Milk $A2MI am adding A2 Milk $A2M to my watchlist because of a potential bull flag break out in the coming days or week.
If $XJO continues to go higher, this would increase the chances of an upward breakout.
A2M hitting turbulence in the stratosphereA2m has performed exceptionally, moving almost inverse to the XAO during its recent drops.
However all good things must come to an end.
A2m is encountering strong resistance at an established channel resistance, accompanied by falling volume and an imminent bearish cross on the 1d MACD.
Note also relative performance of A2m to XAO is headed below 0 and seems contained by its MAs.
A reversal could see price check the bounds of the GMMAs before resuming uptrend, or breaking through towards established trendlines indicated in the $13-$14 zone
A2M correction incomingBroke above both short- and mid-term trend lines. Overvalued at the moment. Still in uptrend so looking to enter around $16-$17.
A strong performer in turbulent timesA2M has held up pretty well in this downturn. It has formed an inverted H & S pattern and has shown resilience. IMHO this is worth keeping an eye on
What to do with A2 Milk on trendline support. $A2M A2 Milk retraces back to the trend line support today. This is NOT a buying opportunity for me because the risk is greater than the reward. We could open below the trendline next week and going down fast. Also, there is a gap on the chart that is yet to be fill.
If we could close above $15.68 area, I may consider a long position in A2 Milk.
Moo A2Milk Break below $15.25
Stop at $15.87
Profit target $13.92 - possible gap fill if it was to fall lower.
R/Reward 2.6
Resistance at the long-term spine.
Divergence RSI and MACD
The a2 Milk Co. Ltd. engages in the distribution and sale of milk and dairy products. It operates through the following segments: Australia and New Zealand, China and Other Asia, and United Kingdom and USA. The Australia and New Zealand segment receives external revenue from infant formula, milk and dairy products, along with royalty and license fee income. The China and Other Asia segment includes exporting of infant formula, milk, and dairy products. The United Kingdom and USA segment focuses on milk, and infant formula sales.
Evening Star Pattern on A2M #ShortOpportunityEvening Star patterned formed on the daily which indicates a bearish reversal. Accompanied by the fact that RSI while declining, is still oversold. A2M has had a nice run up (32%) since the 6th of November which coincides with the fact that its due for a correction.
Buy Price: $14.54
Stop Loss: $14.98 - 3% loss, just above resistance levels as that would indicate trade was wrong
Have you seen what A2M may be up for ? A picture speaks a thousand words...but the neckline (if it forms the H & S pattern) lies around the 78.6% fib retracement. That being a confluence of supports, I expect it to hold
A2m - Rising competition or just market cycles?I've been watching this chart for a while and there are a few note worthy patterns to have me believe that that its solid bull run of over 1000% has come to a short end and while this may be disappointing to some it is also an opportunity for many to find a excellent entry into a solid company.
With that being said our currently situation is showing exhaustion from the bears, and underwater investors smiling with excitement at an opportunity to sell a break even (the gap at mid 15 dollars).
If your liking the charts so far give me a follow and click that like button. Ill aim to get out two to three charts a week.
