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Wednesday, May 24, 2017 10:43:38 AM
We are still very much in an uptrend, and today's low volume is a poor reflection upon the distribution news we just received.
Rather, today's low volume action reflects the level of strong interest here. Not many are willing to sell.
Zoom out and notice the heavy volume on this steady rise. Also take note of the fact that there has been very little volume on pullbacks, further suggesting the strong interest here.
Another zoomed out viewing shows the accumulation is at an all time high. This tells the story of buyers coming in and holding their positions.
There are a number of other strong indicators that suggest a high level of interest here. Don't want to get into great detail right now...but I'll end with this:
Often times, using a single days trading action to determine strength or weakness, will have a negative impact on ones investment decisions. Zoom out to see the bigger picture before making any rash decisions.
Doing this with AMFE should give most, the confidence they need to hold steady.
A growing company, run by a smart CEO knows the importance of the big picture. That's why Roger is issuing an update this Friday. To give us all a zoomed out view of the big picture and remind everyone how far this great company has come in a relatively short span of time.
Long AMFE
Rec
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