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December 6th, 2019: AMLP Daily and Weekly Charts

Posted by pugsma on December 6, 2019

AMLP is a an energy sector ETF chart that looks like it could set-up for bounce to the 9.50 area over the next few months.  Also, yields a 10% annualized dividend.

AMLP Daily Chart:

AMLP Technical Analysis

AMLP Weekly Chart:

AMLP Technical Analysis


4 Responses to “December 6th, 2019: AMLP Daily and Weekly Charts”

  1. pugsma said

    AMLP starting to move up here. Up to 8.08 from 7.77 or +4% since I posted these charts.

  2. kazoom1618 said

    If you chart AMLP and include dividends, you get a different picture:

    It has retraced to 62% and bounced off the re-test in the past year. It also makes a double bottom there, with target toward $12.

  3. pugsma said

    Very short-term AMLP had double bottom at 7.68 and 7.65. With today’s break above 8.04 the double bottom target is 8.04 + (8.04-7.65) = 8.43

  4. abqsteve said

    Some information regarding taxes and MLP’s. If you keep the MLP income to less than $1000/year in an IRA, you don’t have to worry about the tax headaches per this article:

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