AMP 0.38% $1.32 amp limited

AMP - CHART THREAD TA ONLY PLEASE!, page-761

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    For the chartists.
    This is The Australians thoughts.

    AMP shares surge 21pc on takeover bid
    AMP shares surged 21pc to a six-week high of $1.55 after the company confirmed reports that it had received an indicative non-binding takeover bid from private equity firm Ares Management.
    The high was close to the 100 and 200-day moving averages at $1.59 and $1.65 respectively.
    These lines now offer resistance. Tentative support may be at the recent peak of $1.465.
    AMP last up 17pc at $1.50.
 
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