Potential Sell Entry Alert to Watch A2M
Time Frame : Daily
Sector : Food, Beverage and Tabacco
Key Stats : $7.44 Billion Market Cap, VWAP 10.002, ASX Ranking 52, 4 Week Av Turnover $42,645,734, Current Turnover (Intraday as at time of alert) $6,192,462.
Company Overview : The A2 Milk Company Limited (A2M) is engaged in the commercialisation of intellectual property relating to a2 brand milk andrelated products in New Zealand, Australia, and the United Kingdom. A2M also sources, produces and supplies a2 brand milkand milk related products in Australia. The product comprises of Liquid Milk, Infant Formula and other dairy products whichinclude Cream and Yoghurt.
Broker Consensus : NONE
A2M – The A2 Milk Company Limited
A2M was recently showing some good signs but now seems that buyers have run out of steam and sellers are starting to re-apply the pressure. We are now watching for a minor lower high that may see sellers drive price lower through lows around 8.14 as buyers get squeezed out of the action. There is some minor support at 9.25 where we may see a reaction from buyers but we will have to see how the action plays out.
Stock Code : A2M – The A2 Milk Company Limited
Company Website : www.thea2milkcompany.com
Current Price : 9.99
Status : On watch for potential weakness
