The a2 Milk Company Limited (.NZX) | 05/12/2018 | 1 Year, Daily Chart
$15.00
$14.00
$13.00
$12.00
$11.00
$10.00
$9.00
$8.00
$7.00
4/12/2017
7/01/2018
4/02/2018
5/03/2018
5/04/2018
6/05/2018
4/06/2018
2/07/2018
30/07/2018
27/08/2018
24/09/2018
23/10/2018
20/11/2018
Way overextended, tries to consolidate but
eventually gaps down
Is this the beginnings of a
Mania buying as
low base breakout?
‘everyone’ chases the
stock higher, causing
huge gaps
Sign of buying support
as stock undercuts and
rallies off its low
5 Year Chart
15
10
5
0
Technical Summary: By now, if you are a NZX investor you are probably familiar with the a2 Milk story. In many ways the chart on the right hand side is all you need to know with the stock going from below $1 per share to highs of $14 per share in less than 5 years. For most of the last year however the stock has largely gone sideways. What seems to be happening is that the fundamental performance of the company is catching up with its price. There is signs in recent trading sessions however of a low base breakout. This could be one to watch over the next few weeks.