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A2M Out of Uptrend. The Milk is Drying Up

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THE A2 MILK COMPANY LIMITED (ASX:A2M)  
TheStockPicker  
ASX:A2M   THE A2 MILK COMPANY LIMITED
Trend Analysis Support and Resistance
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trendanalysis supportandresistance
A2M has been on a massive bull run for the last year or two. It has recently had a number of insider sells (including the Chief Executive selling all her shares). The valuation is full and growth is certainly priced in. This idea is a momentum trade rather than a trade based on fundamentals.

The thesis is simple - A2M has broken below the 200 day EMA. It has re-tested the 200EMA and traded below it for two full days since then. Entry point was yesterday (shorting) and stop loss/exit point is a close above the 200EMA.
Aviso legal

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