AMP (ASX) on the quarterly has a 2618 pattern
This is a double bottom followed by a breakout in this case its to the upside confirming the double bottom, followed by a 61.8% retracement
Hence named 2618
If today closes near where it is, it will form a bullish hammer which supports a move higher in the medium term
Full disclosure I already own this stock from last year and posted about it a few times already
This is a double bottom followed by a breakout in this case its to the upside confirming the double bottom, followed by a 61.8% retracement
Hence named 2618
If today closes near where it is, it will form a bullish hammer which supports a move higher in the medium term
Full disclosure I already own this stock from last year and posted about it a few times already
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.