AMP 1.79% $1.14 amp limited

Hmmm ... as posted previously we closed our SHORT ahead of AMP...

  1. 5,822 Posts.
    Hmmm ... as posted previously we closed our SHORT ahead of AMP retesting the important psychological $4.20 support level. It is reasonable to assume the impending $5.9billion loss for FY03 is now factored into shareprice.

    The bounce Friday was expected and could be the much needed line in the sand signalling a change in fortune for the beleaguered blue chip.

    We are LONG although cautiously opted for a Spread.

    Chart looks like this ...



    Cheers ... tight stops.


    This is only my view ... read the red stuff.
 
watchlist Created with Sketch. Add AMP (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.