The a2 Milk Co Ltd forms bearish "Price Crosses Moving Average" chart

zhangsaen

The a2 Milk Co Ltd forms bearish "Price Crosses Moving Average" chart pattern
Aug 28, 2019

Recognia has detected a "Price Crosses Moving Average" chart pattern formed on The a2 Milk Co Ltd (A2M:ASX). This bearish signal indicates that the stock price may fall from the close of 13.45.

Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars). Moving averages are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. A bullish event is generated when the price crosses above the moving average, and in this state, the price is likely in an established uptrend. The opposite is true when the price crosses below the moving average, triggered a bearish event.

This bearish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.


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Trade ideas are based on Technical Events identified by research provider Trading Central. Every financial instrument is analyzed after every market close to confirm whether a new chart pattern has formed or technical indicator has triggered a signal, giving immediate insight into the possible direction of the price. The analysis is done for you, with full commentary, so you can find out what the price action is telling you.

leonar

mark 谢谢分享，最近正在学习技术分析

yoyowa

bearish trend了
唉
A2也真是的，APT明天奔着30去了，A2现在一塌糊涂了。