There is no magic in charting/technical analysis. It is about the trend pricing in all available information.
Once again, the dominant theme here is the pile of shares bought at $1.60. If you are a fund manager or short term trader you are going to take your 15% to 20% profit over a few months given the uncertainty. This is likely to keep us in the $1.80 to low $1.90s for a while. Unless there is amazing good news or bad news.
It is hard to know what is priced in for the life sale at the moment. if you look at consensus estimates from brokers which are in the mid $1.70s and trading price, I would say the life sale is partly factored in.
Resistant chain, page-3
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Last
$1.13 |
Change
-0.015(1.32%) |
Mkt cap ! $2.921B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.14 | $1.12 | $6.142M | 5.453M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14999 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 9677 | 6 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| AMP (ASX) Chart |