AmeraMex International Inc. (AMMX)

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Charts and any technical indicators mean very little when the volume is this low. Charts are intended to summarize massive amounts of data and make it easier to read. There's not much data to summarize with AMMX's daily price action. If the chart were the reason for AMMX's drop, it would be a self-fulfilling prophecy or pure coincidence.

AMMX trading is mostly random lately. If one person decides to buy a good position right now, they could push the price up considerably. If someone decides to sell a lot, they could push the price down considerably. Most stocks aren't that volatile.

A positive catalyst can go a long way here, however, so could the absence of one. Stick to your original trading/investing strategy and you will be fine.

As I've said in almost every post recently, THE BIGGEST ISSUE WITH AMMX RIGHT NOW IS LOW VOLUME. Don't try to find any better explanation than that. No need to question the company's merit, as they are doing great. No reason to look at charts, as they are almost useless here. No need to criticize other trader's trading techniques, as that is a constant in the markets. The stock only traded about 350,000 shares so far today. A few people on this board probably have more shares than that.