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A2 Milk Company and G8 Education: Time to cash in?

Discussion in 'ASX Stock Chat' started by Stu23, Oct 2, 2017.

  1. Stu23

    Stu23

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    Evening all,

    wondering if it's time to take some action on a couple of my stocks for different reasons, and interested in people's thoughts?

    First up, A2 Milk company. Someone stuck a rocket up this one. Bought for $1.69 and currently up around $6.17. Wondering if it's going to get any better than this? So contemplating cashing in all or part.

    Then there's G8, no mammoth growth here, purchased at $4 and now floating around $4.11. I notice it has a habit of hitting a ceiling just north of $4 then going back anywhere between $3.10 and $3.80, and then it'll rise again just north of $4, then the cycle repeats. Just wondering if I'm at the cycle ceiling?

    Thanks in advance for any advice.
     
  2. Boggo

    Boggo

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    Giday Stu.

    Unlikely that you will get a direct answer to any of those questions.

    Giving advice (not legal anyway) and ramping don't exist around here thankfully but you will find peoples thoughts and most likely the answers in the threads of both of those stocks.
    If there is some bit you don't understand or doesn't make sense you will most likely find the poster will be more than happy to explain or expand on the post.

    https://www.aussiestockforums.com/threads/a2m-the-a2-milk-company.29723/
    and some recent comments on A2M...
    https://www.aussiestockforums.com/threads/a-new-beginning.33344/page-5#post-961611

    https://www.aussiestockforums.com/threads/gem-g8-education.22284/

    Cheers
     
  3. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

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    I would sell enough to get your capital back and retain the rest and see how far it goes.
     
  4. tech/a

    tech/a No Ordinary Duck

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    A2M

    Its all about supply.
    Without supply price will rise.
    You don't even need volume. Withdrawing of supply will see price
    rise on average or even low volume.
    Range also is a great indicator. Wide range means that supply is
    prepared to go lower to get filled. This is a characteristic of profit taking on a singular bar. Its very clear on 3 other bars in this chart.
    If on two or more bars then this is indicative of a change of sentiment.

    A2M.png
    Like all chart analysis a single bar in isolation has limited information it can tell us.
    However grouped with a few bars and a picture becomes clearer.

    Some good volume supported the break out with small ranges showing that Supply was
    being absorbed as profit takers moved in. The wider range exhaustion bar shows well above
    average supply which reverses the bar throughout the day, the following day also sees selling
    but the bar is more squat so supply doesn't have to go too low to find demand. Volume is
    above average but not alarmingly. Then to Monday we see a solid up day with average volume.
    Supply has at this point been withdrawn and demand is searching higher to get filled.

    There is nothing on this chart at this point that says to me sell!
    The trend is still in tact. Ranges are fine, volumes are as you would expect on each day in
    a normal pullback after a strong break out.
    The high will be tested.
    There is likely to be some consolidation if some supply distributes.
    If it holds then off it will go again.
    Watch range and volume for hints.

    Similar for any chart.
     
  5. tech/a

    tech/a No Ordinary Duck

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    Inside day squat range lower volume
    Not a good bullish sign
     
  6. tech/a

    tech/a No Ordinary Duck

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    A2M

    On its way to testing the high.
    All remains in tact there seems to be an increase in volume on the rise
    this indicates supply has with drawn enough for buyers to chase price.
    There are two obvious levels to make sell decisions.
    If your trailing a stop longer term trade $5.85 ish below the low of this
    latest swing.
    Maximizing shorter term traders at any resistance at the highest high.
     
    notting likes this.
  7. tech/a

    tech/a No Ordinary Duck

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    This bar is a strong bar with moderate volume
    closing higher than any close.
    Still testing the high but certainly looks like its set to go on with it.
     
  8. tech/a

    tech/a No Ordinary Duck

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    A2M

    That was emphatic!
    Don’t be surprised if it pauses a bit
     
    kid hustlr likes this.
  9. kid hustlr

    kid hustlr

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    Yes away she goes in a big way - happy to proven wrong, have enjoyed the discussion. Where to from here?
     
  10. luutzu

    luutzu

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    A2 Milk market cap is some $4 to $5Billion? With a B?
     
  11. tech/a

    tech/a No Ordinary Duck

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    And a pause as expected.
     
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