Buyers showing early signs of supporting the action ready for a run higher

Potential Buy Entry Alert A2M

 

Time Frame : Daily/Weekly

Sector/Industry Group : Food, Beverage and Tabacco

Key Stats : $7.28 Billion Market Cap, VWAP 10.033, ASX Ranking 62, 4 Week Av Turnover $39,737,354, PE 52, Div Yield N/A.

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 has contracted off the highs as buyers are squeezed out of the action. We now see the potential for buyers to push price up out of contraction to new highs. Watching for a push up through 11.00 followed by a higher low for the entry setup.

 

Stock Code : A2M – The A2 Milk Company Limited

Company Website : www.thea2milkcompany.com

Current Price : 10.08

Status : On watch for a buy entry setup