pierrebakshi

Potential breakout downwards for AMP

Short
pierrebakshi Updated   
On the short term I think amp is looking to have a move downwards before it goes up. The BB are showing a near breakout, theres a descending triangle thats formed, and the long term(50) moving average is above the short term(20) moving average. Love to hear your guys' thoughts on AMP in the near future
Comment:
Update: Amp has indeed dipped though it is entirely possible this is due to the entire market taking a shit. Will have to reassess the situation
Comment:
dip has turned amp more into a wedge and I think it can be looking to turn around in the near future
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