Find attached a detail section of what is now quite a complex Fibonacci chart for AMP.
You will note the line a $4.30 which is a fib 61.8% support and which is also the issue price at which many of the longterm insto's recieved their stock at (what a surprise, not). You will also see that AMP looked as though it would open on the 50% mark before a late rush of buys pushed it up a couple of notches, then it struggled through 38.2%
Save this chart if you are trading here. I am sure you can see the confirming correlations without me pointing them out. Its all part of a vvveeerrryyy long term patern in AMP.
(And who says restructures destroy charting......they are directed by charting!)
chart for those interested
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 (20min delay)
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Last
$1.08 |
Change
-0.020(1.83%) |
Mkt cap ! $2.866B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.10 | $1.08 | $15.93M | 14.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 449445 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 50000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$1.08 |
Change
-0.020 ( 1.80 %) |
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| Open | High | Low | Volume | ||
| $1.09 | $1.10 | $1.08 | 2258982 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
| AMP (ASX) Chart |