AMP – AMP Ltd

These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice: Terms of use

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Code:

Company Name:

Sector:

Size:

Confirmed Trend:
 

AMP

  

AMP Ltd

  

Financials

  

ASX Top 50

                   

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Commentary:

AMP Ltd has confirmed a medium term down trend according to Dow Theory and trend lines at $6.14.  There is also no trend line support left at this stage. 

The up trend would be considered back in place with a close above $6.85.

Back Tested Results:

Using Trend Line theory, combined with a close below the previous peak (buy) or trough (sell), AMP has a nice 80% win percentage, also making a profit of 1.46 times the average loss.

Click the chart below to enlarge:

Previous Trend Changes:

- Trend Line entry at $5.60, in July 2009

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January 24, 2010  Tags:   Posted in: Research On Australian Stock Trends

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