Amfil Technologies Inc (FUNN)

[User-65225]

AMFE annotated chart: Im not going to post sell recommendations on this stock, cause i think the selloffs are all temporary. The long term trend is bullish and its supported by rapidly improving fundamentals... Everyone can make up their own mind.

But you can clearly see that if you bought and sold this stock based on the MACD crosses, you would have almost perfect entries and exits...

Some of these are hard to see because i cant zoom the MACD on Stockchart.com, but they are crosses... Also notice when the MACD lines spread far apart at the peak, that was showing over extension. It could have continued, but when it failed to break the top the 2nd time (lower high) and the MACD crossed lower at the same time, that was when people started exiting and the buy interest dried up. I even took a few off at .088 and have rebought those shares already... NO DOUBT a large amount of $$$ flowing into and out of this stock is following the TA and with the MACD lines stretching out wide (currently), the ODDS suggest we are due for a bounce... and if the MACD can put in a bullish cross into the bounce, we should see an even bigger bull wave...

IMO worst case, we test the rising 50DMA support and bounce there... but the odds of that are looking very slim now, with news + radio promo approaching...