Amfil Technologies Inc (FUNN)

[recinvestor]

Indeed the float is getting tighter. A/D line on the chart is one of the other technical indicators I'm loving!

When the Accumulation/Distribution line remains on a steady upward trend, especially during times of a decreasing share price as we saw this past week, it's extremely bullish and shows that when the stock is on sale, investors pile in and buy more while continuing to hold previously bought long positions, vs selling into the dip.

The float is getting bought up, more importantly though, investors are holding. Normally, I'd root for a float lock that would help fuel a massive move based on supply and demand, however those kind of moves almost always inevitably break down.

I'm here rooting for the company to succeed on its fundamentals, fueling steady and sustained growth, for that is where a solid long term investment in this company has the best growth prospects, vs. a squeeze play from a locked float that ends badly for those who bought at the top.

Perhaps we'll get a combination of both though, and anyone who buys at the top of a shorter time frame squeeze, will still be fine long term, because after all, AMFE has the underlying fundamentals to support a combination of both situations.

Go AMFE
Rec