My thoughts on: RSIs, corrections, Charts and 'sell the news' concerns.
Generally speaking the Pinks has never seen a stock like this, folks are trying to apply some level of basic what goes up must immediately come down OTC mentality here.
On RSI: You CANNOT be simultaneously Overbought AND so undervalued. The RSI means nothing here, plus the whole theory of RSI is a self fulfilling prophecy, it isn't even supposed to matter until you cross back over the line (going down or up after passing 30 or 90 and then going back over) folks just start guessing, and sell or buy, and proclaim RSI victory if goes the direction they want. However, when a stock like AMFE is completely undervalued by several multiples, it can be 'strong' but not 'overbought'
On corrections: Again, a correction is a right sizing of a price to value. When one is so undervalued, the correction would actually be the stock price going UP. So AMFE has been correcting for the past couple of weeks! It is still 'correcting' until it hits .30-.40 cents. If some news came out and everyone went nuts like OW... and spikes to $3, then absolutely, it would get corrected back down to a lower level.
What I like about Rockets charts, is they are simple fundamental charts, verifying what we know and our experience. These types of charts are directly tied to fundamental data and very supportive. Folks trying to apply all sorts of fancy up-sidedown super cloud inverted rainbow charts are a total joke. Those types of folks are always the type who make data fit their paradigm, and not the other way around. #Fakechartsandspeciouschartreasoning
Yes we have previously seen things go down on news days. However, folks should know that once we hit $.10 things change. In OTC land $.10 is a huge demarcation line. We start seeing more outside attention, pop up on radars, get taken more seriously, etc. That milestone was very important. The next will be uplisting, but know we are in a very different space know than even a couple months ago. We will not see the same kind of reactions as previously seen.
IMO
$$$$AMFE$$$$
