Potential Buy Alert SM1

SM1 – Synlait Milk Limited

SM1 is holding highs as we see strong evidence of buyers supporting higher prices. The company has been holding above 6.00 since November and looks set to kick up out of contraction as buyers overwhelm sellers. Price is currently extended so we are looking for a pullback to build the higher low and buy entry setup.

Stock Code : SM1 – Synlait Milk Limited

Company Website : www.synlait.com

Current Price : 6.48

Status : On watch for entry setup