Amfil Technologies Inc (FUNN)

[tothe]

AMFE chart(s): Corrective step could be as long as 2 months. Most of the time you will be in a trading channel that could be as high as 30%.
As far as the effect on share price from flipping, it depends on how the flipping is carried out. If people are trying to undercut the previous low and then sell back on the bid, price is going to be eroded. If flippers want to hold out for new highs and sell on the ask, the price will go up and possibly a "no news" breakout of the upper trend line of the channel. But, of course, try telling this to some wild-eyed Level2 flipper who sees 4mm shares stacked on the bid. So don't be surprised to see false breakout downs from the lower trendline of the channel with a single candle with a long frigging tail.
Good luck guys, happy flipping and build up your cores. Enjoy the ride up.
chart & tools thread post


* Measured move up, currently on corrective step or consolidation trading range.
MMU measure rules
http://thepatternsite.com/mmu.html
* Channel trading
Rectangle bottom (channel) measure rules.
http://thepatternsite.com/rectbots.html
Flat base measure rules
http://thepatternsite.com/FlatBase.html
*Chart Source
http://www.4-traders.com/AMFIL-TECHNOLOGIES-INC-6261746/?type_recherche=rapide&mots=amfe

8m DAILY
Chart Source
http://www.4-traders.com/AMFIL-TECHNOLOGIES-INC-6261746/?type_recherche=rapide&mots=amfe

8m DAILY


8m WEEKLY