Amfil Technologies Inc (FUNN)

[recinvestor]

Every day adds another layer to the foundation!

And that foundation is getting stronger and stronger. Here are just a few observations about this consolidation period, paired with a chart view below.

The volume has dropped off, yet despite this...the A/D line has continued moving higher. This suggests investors are holding their shares tightly. The decrease in volume also should be expected as we're trading at a higher price point now than previous consolidation periods. The volume has dropped off to levels that may mean it may take a little more time in this consolidation period, to build in the necessary volume for a stronger base from which to continue the uptrend. All is still extremely healthy.

The Bollinger bands are tightening and if you look at the last few times the Bollinger bands were in this narrow of a channel, a slow and steady uptrend ensued.

Today we were able to see some light volume coming in above .08 which had previously acted as a bit of resistance. As the consolidation period continues, this .08 level will become easier to break and hold.

The longer we're in this channel, the stronger the chart becomes. In essence, it shows new investors that the previous gains held strongly and gives confidence to anyone looking to build upon their position, or start a new one.



Based on what we know, updates and further news issuance is on the way. So the consolidation period may be coming to an end very soon, even though I stated earlier that it would be good to have more volume before we start the next leg up. After all, news can change everything and trump any of the technical analysis observations I just made.

Continued strength and success to all here.
Go AMFE
Rec