Price is weak so looking to lock away some gains and lower the risk level

Current Active Alert Management SM1

Time Frame : Daily/Weekly

Sector : Food, Beverage and Tobacco

SM1 – Synlait Milk Limited

SM1 is continuing to push lower as sellers remain in control although the volume is very low. We are now cautious for a spike higher on potential news so are happy to raise the partial exit zone to 8.52 from 8.20 and lower the stop loss level to 9.05. We have not seen the weakness that we expected given the price structure so want to lock away some gains while we can.

Stock Code : SM1 – Synlait Milk Limited

Company Website : www.synlait.com

Current Price : 8.57

Previous Sell Entry (Trigger Level) : 8.88

New Buy Exit Zone (Stop Loss) : 9.05

New Potential 50% Partial Exit Zone (Partial Target) : 8.52

Status : On watch for a partial exit

Alert History

Previous Alert 23/08/19

Current Active Alert Management SM1

Time Frame : Daily/Weekly

Sector : Food, Beverage and Tobacco

SM1 – Synlait Milk Limited

SM1 is on the move lower so we are now happy to look for an opportunity to lock away some gains. Looking for a partial exit if price trades 8.20 and will also reduce the risk and move the stop loss down to 9.15.

Stock Code : SM1 – Synlait Milk Limited

Company Website : www.synlait.com

Current Price : 8.66

Previous Sell Entry (Trigger Level) : 8.88

New Buy Exit Zone (Stop Loss) : 9.15

Potential 50% Partial Exit Zone (Partial Target) : 8.20

Status : On watch for a partial exit

Previous Alert 21/08/19

Price continues to push lower and has triggered the sell entry level at 8.88 so the alert is now active. The Stop Loss is held at 9.39 and yesterdays close was 8.91.

Original Alert 12/08/19

New Sell Entry Alert SM1

Time Frame : Daily/Weekly

Sector : Food, Beverage and Tobacco

Key Stats : $1.72 Billion Market Cap, VWAP 9.048, ASX Ranking 176, 4 Week Av Turnover $736,960, Current Turnover (Intraday as at time of alert) $274,221, PE 25.7.

Company Overview : Synlait Milk Limited (SM1) is a dairy processing company based in Canterbury, New Zealand. The company also sales its products in China, Rest of Asia, Middle east and Africa and Rest of world. The company manufactures and sales a range of milk powder and milk powder related products including infant and adult nutritional formulations, functional food ingredients, and specialised products.

Broker Consensus : Not covered by a major broker

SM1 – Synlait Milk Limited

SM1 continues to struggle as potential new buyers are happy to sit on the sidelines and watch the action play out. This is not good for current holders who are watching price head lower longer term and waiting for fresh buying pressure to support price. We are now happy to sell on a push down through 8.88 and will hold the stop loss at 9.39 for now. If price pushes highers through 9.39 prior to entry, then cancel the alert and re-assess the action.

Stock Code : SM1 – Synlait Milk Limited

Company Website : www.synlait.com

Current Price : 9.20

New Potential Sell Entry (Trigger Level) : 8.88

Potential Buy Exit Zone (Stop Loss) : 9.39

Status : On watch for Sell Entry trigger

Previous Alert 7/08/19

Potential Sell Entry Alert to Watch SM1

Time Frame : Daily/Weekly

Sector : Food, Beverage and Tobacco

Key Stats : $1.72 Billion Market Cap, VWAP 9.048, ASX Ranking 176, 4 Week Av Turnover $736,960, Current Turnover (Intraday as at time of alert) $274,221, PE 25.7.

Company Overview : Synlait Milk Limited (SM1) is a dairy processing company based in Canterbury, New Zealand. The company also sales its products in China, Rest of Asia, Middle east and Africa and Rest of world. The company manufactures and sales a range of milk powder and milk powder related products including infant and adult nutritional formulations, functional food ingredients, and specialised products.

Broker Consensus : Not covered by a major broker

SM1 – Synlait Milk Limited

SM1 has been under pressure for a while and we expect to see further downside if bears have their way. The longer term charts are breaking down and a push down through the 8.50 zone will open up a move below 8.00. If markets continue to find pressure and uncertainty, we expect to see remaining holders give up and sell down their positions. Watching for a minor lower high to hold below 9.50 for the sell entry setup.

Stock Code : SM1 – Synlait Milk Limited

Company Website : www.synlait.com

Current Price : 9.04

Status : On watch for potential lower high and push below 8.00