Amfil Technologies Inc (FUNN)

[recinvestor]

AMFE picture and words. Chart and brief comments.

Increasing volume on higher accumulation is bullish.

Look at the A/D line and volume since mid July.

Sustained higher price levels are building a new base. All the activity between .165 - .235 have been shorts, flippers, and big money working to get their piece of the pie.

Longs are also in the mix, doing a fantastic job of holding their shares and going in for more pie.

The bollinger bands are forming the same pattern as they were during the last two consolidation phases before the price broke out two times, once in late March 2017, and again in mid July 2017.

If we have to bounce around in this .165 - .235 channel and consolidate at these higher levels, I'll wait patiently, just as many did the last channel. The price has doubled since then. And I see a minimum double again.

I'll keep my shares parked here because the fundamentals AND charts are screaming BUY, HOLD, BUY MORE, HOLD!!



Go AMFE
Rec