A2 Milk on the march
11.34 am Having tested the low of the range yesterday, the index finished well and has continued that bounce today with the ASX 200 higher by 40 points.
A2M has been running for months and that trend shows no sign of reversing. There has been a four week correction since the last peak and it now looks ready to test 400. Long at 374.
Fortunately I decided to keep some of my longs as the market recovered a little into the close and JHG has finally turned back up. Higher by 2.6% to 4265.
3.43 pm There are any number of buy signals today as the whipsaw market continues. One I like is DMP which rallied early today, breaking out from a small corrective range and holding a tight intraday range. I would expect some continuation to the rally in the morning. Long at 5800.
4.17 pm A2M finished at 383 which was the high of the day and is promising for tomorrow. The index slipped on the match to close up 39 points as a lot of people would have responded to the randomness lately by taking profits after one good day. That was my logic and I sold a quarter of my A2M at 383.
A2M has been running for months and that trend shows no sign of reversing. There has been a four week correction since the last peak and it now looks ready to test 400. Long at 374.
Fortunately I decided to keep some of my longs as the market recovered a little into the close and JHG has finally turned back up. Higher by 2.6% to 4265.
3.43 pm There are any number of buy signals today as the whipsaw market continues. One I like is DMP which rallied early today, breaking out from a small corrective range and holding a tight intraday range. I would expect some continuation to the rally in the morning. Long at 5800.
4.17 pm A2M finished at 383 which was the high of the day and is promising for tomorrow. The index slipped on the match to close up 39 points as a lot of people would have responded to the randomness lately by taking profits after one good day. That was my logic and I sold a quarter of my A2M at 383.
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