Amfil Technologies Inc (FUNN)

[recinvestor]

A purely technical response to your technical analysis:

Following the 15 SMA, one can go back to January 2017 and see that the price per share has always hovered near this level, and when it does go below, the chart has never broken down. And dips below have been short lived, and then the trend continues north.

I find no reason to believe the chart will break down if it does dip below the 15 SMA, just based on historical technical observation.

The longest timeframe for the slow sto cross has been 10 days, and it's happened 3 times since January 2017. 10 days, relative to the uptrend over a period of 8 1/2 months, I'm willing to hold through that 10 day period of time.

With respect to AMFE, I am not actively day trading it. But I understand where one is coming from as a trader, by spotting and inspecting these shorter timeframe technicals.

From a historical technical viewpoint, there will likely be continued opportunity to trade ALL THE WAY UP through higher levels. So if one is trading purely on technicals, be sure to get back in.

This in response to:

if MA 15 doesn't hold the chart breaks down

Now, don't get me started on underlying fundamentals...because that would draw the conversation away from technical analysis. But the beautiful thing is, I do look at the underlying fundamentals, which are largely responsible for creating this beautiful chart. Does life imitate art, or does art imitate life? I think it can be a combination of both :)

Go AMFE
Rec