ATM - A2 Milk Corporation Limited

[Baa_Baa]

Yes vote on Synlait, and ATM up another 2% today....

Just over 90% up from the Nov'23 low, the SP popped again today above a very important, albeit steep upwards trend line that it broke down through in mid June, and has been retesting constantly since to the daily $1, smack on the trend line. Clearly with SML not going bust imminently and being the key supplier to ATM for the China market, it's encouraging to see ATM respond positively. Plenty of overhead resistance to SP here though, I expect a test of the $7.83 and $7.97 soon and see how that goes. A breakout above that brings $9.10 resistance into play, or $10.47 above that. If China IF supply is secured, I'd expect a bolter from ATM.

[Baa_Baa]

Just saying, the TA indicators have room to move to the upside, the basics RSI has +10 room to overbought and MACD has only just turned up a week ago. A turn usually runs for 1-2 months.

[sb9]

Haven’t seen 8 handle for a while, hopefully slow grind upwards to 10 from here on.

[X-men]

Article on nz herald....3 days ago...brokers are bullish about the result..19th august...$900m warchest cash!!

[Newman]

Article on nz herald....3 days ago...brokers are bullish about the result..19th august...$900m warchest cash!!

Would A2 milk decide before August 19 what to do in the expected capital raising of Synlait?

[X-men]

It said...atm can easily buy sml.. however might be a conflict of interest with bright..

Bright confident that sml will recover..