Technical Summary: A2 Milk’s share dented further after the trading halt and 18 December market update by the company following the negative news the stock plummeted to $10.46. Around 17th August the stock resumed a downtrend journey when it was at its peak at $21.74. At that time the news of key shareholders selling major chunks spearheaded the downfall that pushed the prices down to $15.00 mark. Making difficult situation even worse the spat between Australia and China has also contributed majorly to the price decline. After a brief period of indecisiveness in November at $15 price, resumed the downward momentum delivering an ugly Christmas present to the investors. The chart has seen an unstoppable River of red candles since August and our analysis shows that the stock is finding support between $11.00 to $11.30 and stock could recover from here if there is no additional negative inflow of news. The recent sell-off looks overdone and stock prices have tried to recover to touch the $12.57 mark after the sell off. But since then, the stock is trading between $11.30 to $11.70 zone. We see the key level of resistance is around $12.20 and from there the stock will try to test the next level of resistance zone between $14.00 to $14.50. In the Medium term we see the stock could return to $15.00 mark and hence we reiterate our BUY recommendation to our investors on.