The timing of AML's profit warning is very peculiar here, it happens exactly on the retest of the wedge that it has been in since 2020.
Price was managing to hold support above the 0.887 Fib for the entire length of 2024 so far but on the very last hurdle, the price falls
This may be institutions looking for cheap shares too, we'll have to wait and see where support comes.
Holding above the blue line at 84p now is crucial.
Kevin
2024-09-30 14:04:08 +0000 UTC