ALGO Buy Signal For A 2 Milk

Our ALGO engine triggered a buy signal in A2  Milk into yesterday’s ASX close at $9.81.

This “higher low” pattern is referenced to the intra-day low of $9.19 on May 23rd.

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Despite falling formula prices in China, recent broker notes from both UBS and Goldman’s have positive ratings, citing robust net earnings results through 2020.

It’s worth noting that A2M is a high growth, low yielding stock and investors should apply a stop loss below the $9.10 level.

A2 Milk

 

 

 

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