My thoughts, purely from a TA perspective.
Weekly chart suggests that a reversal or bottom is in or at least very near. Couple of things supporting this:
1) Bullish engulfing candle on the previous week. Another green (orange) candle this week would further validate this pattern. Also the volume last week is very encouraging.
2) Angle of the last drop (top to bottom) is smaller compared to the previous drops. This means it has taken more supply to push price down lower, further suggesting supply may be dwindling and accumulation may be happening.
3) Bullish divergence from the end of October.
4) Both RSI and MACD moving up, heading into bullish territory.
It will take some weeks to play out. All in all, the stock looks good from this perspective. Needless to say these are only my opinions and not financial advice!
- Forums
- ASX - By Stock
- AMP
- How Low will she go, taking bets now
How Low will she go, taking bets now, page-30
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AMP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.32 |
Change
0.005(0.38%) |
Mkt cap ! $3.368B |
Open | High | Low | Value | Volume |
$1.32 | $1.33 | $1.31 | $20.75M | 15.73M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 207509 | $1.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.32 | 8013 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 116600 | 1.310 |
4 | 41135 | 1.305 |
8 | 89151 | 1.300 |
3 | 21359 | 1.295 |
9 | 57942 | 1.290 |
Price($) | Vol. | No. |
---|---|---|
1.325 | 2420 | 1 |
1.330 | 30010 | 6 |
1.335 | 215894 | 2 |
1.340 | 56397 | 7 |
1.345 | 120854 | 5 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
AMP (ASX) Chart |