im going to say something positive about AMP - im still bearish on it but it does look like the 'chart' has 'improved' slightly - it has gone from wealth destroying losses to 'channel trading' - which isnt a bad thing.
looks like there is a 'strong support' in the 88--90cent region and a strong wall in the 97cent - 1 dollar region
thus it is better then the sp continuing to tank - the last update by management wasn't bad and thus credit where it is due they 'could' be turning this around - HOWEVER a bit more bad news could see those supports absolutely wiped out where i think it would take a fair bit more of confidence to push past that 1 dollar wall region.
it is a sell still from me however if you like high risk investing trading between 90cents and a dollar could be profitable whilst we stay in this channel.
DYOR
Ann: 2021 Annual Report, page-85
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Last
$1.55 |
Change
0.198(14.6%) |
Mkt cap ! $3.943B | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.57 | $1.43 | $43.04M | 28.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 168576 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 76164 | 12 |
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| Last trade - 14.58pm 17/10/2024 (20 minute delay) ? |
| AMP (ASX) Chart |