Guys, Ill give you my point of view on A2 Milk.
First or all I'm a medium to short term trader that specifically uses CFDs as a a mechanism to trade equities. I find that this suits my mindset better than the buying and holding of physical stocks. At the same time, I've done a lot of both and I don't see that there is major difference if strict money and risk management are utilised and margin limits are never close to being utilised.
I won't go into the fundamentals as that's been covered already to a better level than I am willing to go into and I'm pretty happy with whats been posted in this area.
I have traded A2 milk on the way up from $3, originally holding a position between $3 and $7.80 and then opening my most recent deal on the breakout the day before results at $8.60 which I closed at $13.61.
The 50% rise over two days was bound to lose steam as any experienced trader could see so taking profits was wise on my behalf and fits my methodology. However I see A2 as a massive long term gainer and will jump back in again when my technical indicators give me the go ahead.
All the best and DYOR.
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Last
$5.60 |
Change
-0.050(0.88%) |
Mkt cap ! $3.808B |
Open | High | Low | Value | Volume |
$5.62 | $5.68 | $5.55 | $2.966M | 528.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 19295 | $5.59 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.60 | 533 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5399 | 5.630 |
6 | 17273 | 5.610 |
4 | 33072 | 5.600 |
4 | 20359 | 5.590 |
2 | 7656 | 5.580 |
Price($) | Vol. | No. |
---|---|---|
5.650 | 7091 | 2 |
5.670 | 9037 | 3 |
5.680 | 9833 | 4 |
5.690 | 6747 | 2 |
5.700 | 8222 | 4 |
Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
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A2M (ASX) Chart |