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 the break and retest.
The first pink line looks like possible resistance, however I believe this should make it to the second pink line which is 50% FIB. I will be moving up my stop loss as we go.
The first pink line looks like possible resistance, however I believe this should make it to the second pink line which is 50% FIB. I will be moving up my stop loss as we go.