Amfil Technologies Inc (FUNN)

[User-65225]

Yep, the harder the resistance is to break, the more significant it becomes to TA players when it does. Its like a coiling spring... Breaking it will even be a big event to non TA following longs, because of the focus on its difficulty.

This .08-.083 resistance area is very noticeable on the chart now... and we KNOW that multiple major events are coming (very soon), so the odds of eventually breaking it are strong.

Again, the key right now is that we are not falling apart. The stock is solidifying at this level, with dips being quickly bought. Its not always the upward momentum that indicates strength. Trading mostly sideways during consolidation, not far from the highs, while the majority of the MJ sector has taken a beating, is a strong indication that the stock is not viewed as being overinflated, relative to their growth/potential