How and Why AMP will recover from this and get back to $5 in a few years. No Astral., page-93

Hello rcman, in the end, she didn't hold $2.00 and plunged straight through it. On a hunch, I got out at $2.13 during those days. Recently got back in in the high $1.70's.

Again, I wouldn't focus too much on the falling wedge and that channel.

Instead, I would focus more on the top of that plunge day candle. A stock will always get back to that level or within a few cents of it. The high of that plunge day is $2.02. So, I am pretty sure AMP will go back with time to trade at and touch at least $2.00 again. And the RSI will get back to touch the 50 level again.

I still feel the bottom is around here somewhere $1.74-$2.00.

I also wouldn't rule out a day where AMP jumps up by 15-30% in a day as you said.

AMP needs to get back to $2.00 soon on a change in sentiment or positive announcement to show a bottom is in at these levels.

If AMP can't get back to $2.00 in the next 1-4 weeks and hold $2.00, that wont be a good sign. It would mean a protracted, persistent further erosion down to $1.50 and even $1.00 that takes a further 12-18 months to turn back from to reach $2.00 again. Hope it is not that kind of scenario.

The bottom is either already here now or things will get worse.

But before that, Ferrari has a change to bottom it here at $2.00.

For now, in the very short term, we will get a revisit and touch on at least $2.00 again.

I think the probability of upside is much bigger here than downside.

Volume is good.