It's hard to use a chart when we know that a share buy back is currently happening.
Don't get me wrong, I don't dislike charting etc...
I simply believe that real life events take precedent over charting.
Charting is useful when there's no event or indicator to use and one is looking at a direction.
In other words it's a useful tool in the toolbox but not one I would rely on as a first point of analysis.
Let's see how the share behaves after the buyback
AMP - MAJOR REVERSAL COMING...., page-6
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 (20min delay)
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Last
$1.07 |
Change
-0.010(0.93%) |
Mkt cap ! $2.874B | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.09 | $1.06 | $11.65M | 10.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 57831 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 21620 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.07 |
Change
-0.010 ( 0.70 %) |
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| Open | High | Low | Volume | ||
| $1.08 | $1.08 | $1.06 | 1926509 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| AMP (ASX) Chart |