I spoke to cheech and chong yesterday, they told me the first minor resistance on AMP is at 2.10 which would be a level the shorts would make a move, he would not recommend shorting at this stage. They went on to say the huge days of volume couple weeks back was a possible sign of peak bearishness.
On the weekly chart i was told an ABC correction would take it to 3.20 but they were not sure the company had it at this stage to get it there.
At this stage its a stand aside and watch.
retail SPP, page-74
Add AMP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.55 |
Change
-0.010(0.64%) |
Mkt cap ! $3.911B | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.56 | $1.52 | $8.612M | 5.580M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 37560 | $1.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 64741 | 3 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| AMP (ASX) Chart |