AsimMirzaTrader

A2M - Has the Bearish trend changed finally?

ASX:A2M   THE A2 MILK COMPANY LIMITED
A2M had been falling in a strong downtrend until recently when it managed to break its downtrend line with very high volume. This price action suggests that the Bulls may have stepped in finally and want to take price higher. It could consolidate for a while before taking off. I am bullish A2M and targeting the recent Resistance level of $7.80 which could provide a potential 30% gain on the trade.

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.

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