THE A2 MILK COMPANY LIMITEDPendidikan
Can our charts uncover the motives of the SMART MONEY with A2M ?
Notes for the analysis which is for educational purposes only.
What is the major trend ? Down & Strong.
What did the previously posted Point and Figure chart suggest with it's bearish target ? Possible end to the current major down trend at around $5.00 !
We will see the accuracy of the Point and Figure target over the weeks ahead. It is an estimate and a forecast.
Have we seen the MAJOR SELLING CLIMAX or is it just a PRELIMINARY SELLING CLIMAX ?
No, one knows this and I will not guess it. Time will tell (supportive of the MAJOR SELLING CLIMAX or otherwise).
Focus (compare price & volume behaviour) on Box of Tricks # 1 & 2 as they offer clues.
Compare volume at each down thrust after the gap down.
Check the volume at current congestion marked with Box of Tricks # 2 and compare it with the volume of Box of Tricks # 1.
Is the volume behaviour indicative of an accumulation or re-distribution by the SMART MONEY ?
Watch the resistance line of the larger down trending channel in order to recognize when the major down trend is at HALT/STOP. Violation of the resistance line will signal this.
Have fun !
What is the major trend ? Down & Strong.
What did the previously posted Point and Figure chart suggest with it's bearish target ? Possible end to the current major down trend at around $5.00 !
We will see the accuracy of the Point and Figure target over the weeks ahead. It is an estimate and a forecast.
Have we seen the MAJOR SELLING CLIMAX or is it just a PRELIMINARY SELLING CLIMAX ?
No, one knows this and I will not guess it. Time will tell (supportive of the MAJOR SELLING CLIMAX or otherwise).
Focus (compare price & volume behaviour) on Box of Tricks # 1 & 2 as they offer clues.
Compare volume at each down thrust after the gap down.
Check the volume at current congestion marked with Box of Tricks # 2 and compare it with the volume of Box of Tricks # 1.
Is the volume behaviour indicative of an accumulation or re-distribution by the SMART MONEY ?
Watch the resistance line of the larger down trending channel in order to recognize when the major down trend is at HALT/STOP. Violation of the resistance line will signal this.
Have fun !
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.