AMP - CHART THREAD TA ONLY PLEASE!, page-2727

Thanks @beisha for that chart. I was looking at AMP today from the charting perspective. The recent five day is interesting and really shows what the large insto holders are doing in their TA departments. Accumulating on lows and selling on retail interest pushing higher. Classic old Murphy TA from his excellent book on the craft.
So 8th and 9th steady accumulation. Then some consolidation on 10th and 11th Feb, however with a worrying downtrending RSI.
Even though the price appeared to be rising the instos were selling in to retail. An ascending triangle even looked possible although large volumes selling crept in on the 11th made one wary.
Today is sell off day and profit for the instos.
It is why when an insto posts a change in holdings in AMP there is so much buying and selling. They make money even in a falling market by buying and selling in to the retail market at a profit.
Finally the ascending triangle is broken today with a near term lower target of $0.95
12c difference between 95c and $1.07 may not seem much but multiplied by 100,000's stock every day keeps them in profit.