AMP 0.76% $1.98 amp limited

*** AMP TECHNICAL RECOVERY ON WAY

  1. 346 Posts.
    AMP SHARES ARE CURRENTLY $11.58 WITH A RANGE OF $11.25 - $11.69 SO FAR TODAY. TECHNICALLY, IT HAS ALREADY FORMED A "HAMMER FORMATION" OR "OPEN/CLOSE REVERSAL" SUGGGETSING THERE WILL BE A FEW DAYS OF UPSIDE.
    NOTE THE LAST TIME THE STOCK DID THIS, I.E GAPPED DOWN AND FORMED A HAMMER FORMATION (ON THE 6/8/02), IT FOLLOWED THROUGH UPSIDE FOR 2 DAYS.
    ALL THE OTHER TECHNICAL INDICATORS SUGGEST THAT THE STOCK HAS BEEN OVERSOLD. EXPECT THE STOCK TO PUSH BACK TOWARDS $12.30-12.35 REGION IN COMING DAYS.

    STRATEGY:

    BUY AMP CALL OPTIONS, CALL WARRANTS, INSTALMENT WARRANTS OR SELL PU OPTION SPREADS.

 
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