Prices building chart structure and internal price behavior says buying internally atm but will it hold , finding chart from d1 looking clearest, could fine tune entry on lower times frames if price action confirms big boys are keen next week , markets are in oversold conditions - caution as its potential CT trade meaning we need extra PA and confluence...
AMP has seen a dramatic fall in the share price over the last 12 months. This time last year it was at $5.40. In late October we saw large volume, climatic action and ultimately stopping action at $2.28. The stock rallied to $2.77 which formed the parameters of our trend channel. Notice when the stock tested the $2.28 level in November and December, there was very...
Looking at a possible position trade/ investment in a well known wealth management company in Australia
Technically has what could be an ending diagonal at a monthly level which has been forming for the better part of 15 year and is in the "throwover" stage, which coincides with a harmonic pattern and fairly solid fundamentals from what I can tell at a...
AMP has broken the downward trend line, it the retested and closed above again. Downward pressure looks to be fizzling out on the MACD. RSI and CCI are there or there about. Reversal pattern is too clear, so will be watching to see how this one plays out at market open. If it continues upwards I will be looking to enter a long position with stop loss just under...
Suprised with this one, but eh *Larry david shrug*
My buy zone was above the current trading zone for a reason.
• Bearish expansion
• OBV spike downwards
• RSI not yet oversold
• Lowest low in the history of the company
$AMP hasn't hit these levels since 2006! Bulls are showing their hands so far:
Bollinger bands contracting, tighter volatility, but leaning towards the upper bands
RSI showing a rising wedge like pattern, although steady momentum relative to the upper chart
Risk reward for traders looks tempting
Looks good for a ST and LT trade.
-75 week ascending right angle reversal triangle pending breakout
-A part of what appears to be a massive bottoming formation, potentially an inverse H&S or an even larger ascending triangle but is a bit arbitrary at this stage
-Nice descending volume in which to confirm a breakout
-Looking to establish 100 basis points of risk in 2 tranches
AMP is showing decent volume behind this daily after holding the 200ma on relatively small volume. I have pointed to the 10-20-50-200 moving average tightened up, stochastic heading up along with MACD. I have also highlighted that this price has been previous resistance
