AMP 0.00% 96.5¢ amp limited

Crucial support.

  1. 1,285 Posts.
    lightbulb Created with Sketch. 5
    AMP is heading for historically strong support @$16.38.

    This point has held after both Sep. 11 and their recent profit downgrade!

    Failing this, $16 looks a certainty.

    AMP broke south out of its current consolidation phase on Friday, which is suprising as it has share buyback support ($400 million), and a return to double digit growth by years end (supposedly).

    Maybe it just needs to retest $16.38, or is QBE and the whole sector going to drag it down?
 
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