With almost a billion $ in cash yet to be returned to SH's (which includes a $370M share buy back)
& dividends being restored (Ex 01/03 2.5c ehh,its a start)
& the weekly structure,
if this doesnt shred stale holders soon i will be VERY surprised
Holding, initial target in red, then freehold the rest
A long term position in my portfolio
Has a decending wedge that has broken out and retested, as well as a 'Cup' which could form part of a cup and handle pattern...
Whatever the pattern is called, it appears to be basing out and has consolidated so the path of least resistance is higher in my opinion
Breakout this week... so likely to climb significantly as the...
Looking for buying pattern to emerge on AMP around 1.06 - 0.96
Has long term harmonics, major number $1.00 and if it drops quickly and forms a base it will also have divergence on RSI
AMP is currently trading at all-time lows. I do anticipate price will trade sideways for some time until the company finds stability and confidence within its management, albeit not long-term.
With respect to the technicals, it is clear a double bottom has formed on the weekly time frame which has married the plummet of Covid in March 2020. I am not convinced...
ENTRY: 1.26
SL: 1.33
TP1: 1.18
TP2: 1.075
- ADX<25. Would like to be higher.
- RSI<40. Would like to be lower.
- RS and FFI -ve.
- MACD -ve.
- MAs aligned.
- Breakout with good volume on 29 Mar 2021 and retraced the next day but got rejected on 6 Apr 2021.
AMP Capital Global Shares Index Fund is my latest stock market investment which I just thought to share with you all.
Forex trading creates a monthly payout to keep food on the table and stock market investments is used to let the capital grow. Excess profits from FX goes into stock market investments for a medium to long term investment. Don't work for money,...
M formation
Neutral formation in a bearish trend
Seems to be forming an inverse H&S similar to one previously seen
High risk high reward
I believe this will play out bearishly however. Continuation of the bigger M formation (in orange)
Quite hard to decipher the nature of this chart,
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...
