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
