AMP Breaks Downtrend, Target A$6.80
Wednesday, July 13, 2005 10:01:36 PM ET
1150 [Dow Jones] AMP (AMP.AU) up 6 cents at A$6.48; "should rise to A$6.80 in coming weeks," says David Rogers, technical analyst at Tolhurst Noall. Says regain of neckline from recent double top pattern yesterday at A$6.42, and break today above daily downtrend line from June 22, also at A$6.42, are both "bullish developments, which argue for a test of the May/June peaks at A$6.80." (WEL)
jazzmox being very quiet on amp lately. obviously got everything wrong.
macquarie: amp - due for an upgrade, page-2
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