Buyers are soaking up selling pressure as they build for a run higher

Potential Buy Entry Alert to Watch A2M

 

Time Frame : Daily/Weekly

Sector : Food, Beverage and Tabacco

Key Stats : $7.75 Billion Market Cap, VWAP 10.376, ASX Ranking 52, 4 Week Av Turnover $41,363,633, Current Turnover (Intraday as at time of alert) $19,235,864.

Company Overview : The A2 Milk Company Limited (A2M) is engaged in the commercialisation of intellectual property relating to a2 brand milk and related products in New Zealand, Australia, and the United Kingdom. A2M also sources, produces and supplies a2 brand milk and milk related products in Australia. The product comprises of Liquid Milk, Infant Formula and other dairy products which include Cream and Yoghurt.

Broker Consensus : NONE

 

A2M – The A2 Milk Company Limited

A2M is contracting lower as late buyers, into the highs, are squeezed out of the action. We note that there is still a lot of interest as the selling is being soaked up so we are now watching for a break higher followed by the higher low for entry (refer to chart) and run up.

 

Stock Code : A2M – The A2 Milk Company Limited

Company Website : www.thea2milkcompany.com

Current Price : 10.57

Status : On watch for buy entry setup