Kia ora JTH
Thank you for that most informative post. What does TLDR mean?
Printable View
Kia ora JTH
Thank you for that most informative post. What does TLDR mean?
Snappy today BP I only agreed with MrB suggestion "go chase rabbits elsewhere, this is too hard and slim pickings" .........While I am in the Buy camp where does that imply I wish to turn this into a cheerleadiers group but constant repeat views become boring.
For my own a2 experience I see a similarity with current SP which proved successful for me over last 4 years accumulating between high 3 - 7 Selling a few yearly now holding a fair sized parcel all free-held.
I see a positive future for a2 once Covid passes and world reopens but not without hicups
China/NZ positive
USA IF - possibility
Mataura Valley Milk - new products
Buy Back - likely
Take-over - probably rejected
UK/NZ - trade deal
618 & 11/11 sales
@JTH Thanks for the lesson
A Sunday reading with poor weather around most of the country. Some interesting numbers!!!
https://www.yunzhan365.com/basic/45343576.html
(click the yellow box)
Exports of Milk Powder ex Lyttleton (per courtesy of Werdplaya on HC) YTD May 2021 v 2020 up 33% (by vol.)
Naysayers will say it's all discounted (and they may be right) but this, plus the TA chart turning more positive, are encouraging signs for this biased holder.
Attachment 12676
That said, I agree with Johnnythehorse;
I should also note that any entry comes with great risk due to fundamentals. Until the company provides further trading and strategy updates there is huge risk of gap up or downs. You can bet big money is monitoring this closely so we will likely see it in the charts before any formal update.
Thanks for the analysis JTH.
Still learning all this I guess, but I thought from looking at the charts it looks like there has been steadily weekly higher low's, and weekly higher high's since the end of May.
In regards to your comment...
Weekly Chart: A2M Weekly.jpg
- We are still in a weekly downtrend (i.e. no weekly higher low and then higher high set) ??
Can you explain how you see that on the chart as you are indicating. In my ignorance it looks like each week lately the SP has been having a higher low than the low of the previous week, and a higher high reached than the high of the previous week.
So isn't that then showing that the weekly trend has been increasing over the past ~ 5weeks ??
Thanks in advance
A good question Maxtrade. In the case of an uptrend, this can be defined as successively higher peaks and troughs (high lower, then higher highs). We haven't yet had a trough. To get a trough (higher low) we need to break down below the low of the previous weekly candle (which would currently mean breaking ~AU$5.90. After that, we would need to break through the previous weekly candle high to confirm the trend change. My rough drawing on that weekly chart shows what a confirmed trend change would look like. A trend change is far more significant than the price just going upwards. By holding the trough it gives a chance to prove that the balance has tilted to one side. Otherwise it would just be another relief rally in a weekly downtrend (as evidenced all the other times).
"Trading is the ability to foretell what is going to happen tomorrow, next week, next month and next year. And to have the ability afterwards to explain why it didn't happen."