Technical analysis by darkpiggie about Symbol AMP: Buy recommendation (10/20/2024)

There was an inverse head and shoulders pattern which resulted in the breakout of the neckline. That provided a 300% growth roughly. Then the price retraced all the way back to the previous resistance line now turned support. Retested it and held so far. Expecting a little more sideways/accumulation at these levels. If it holds then we will retest the previous high, and have 2 possibilities 1) breakout 2) formation of another smaller cup, with a proper big Timeframe ascending triangle which could propel the price to ath.