Amfil Technologies Inc (FUNN)

[midas716]

Hopefully a PR ASAP to get out. 520k at .15 gone in less than 20 min. Last 2 PR's dumped into. CMF says money flowing out.

This isn't being dumped? Chart says otherwise. I think it's time to post some real daily and weekly logarithmic charts here instead of those linear charts that no real investor would actually make a trade using.

Seriously does anyone really think audited financials will get this back to .20 the way this trades? Maybe if you want to wait 6 months because IMO this is headed to .11 at the 50ma. Why? Because audited news isn't coming before then. This is going to drop quick and hard.

There is no support at .1425. Next support IS the 200ma.

Mark this post. The PPS here will hit between .11 and .12 long before it gets back to .20.

1. Continuation Triangle and Wave 1 of an Elliot Wave - Healthy consolidation and break out up from the major trend line which it hit twice.

2. Continuation Triangle and Wave 2 of an Elliot Wave - Very healthy consolidation and break out up well before the major trend line as it found support at the 50ma and transferred to the 20ma which it rode up.

3. Continuation Triangle and Wave 3 of an Elliot Wave - Is where it all falls apart. It bounces off the major trend line and breaks out but fails to continue up and breaks down from major support.

4. Continued selling with a bump from the revenue PR which was dumped into heavily. Continued selling.

You think today was major selling. You haven't seen anything yet. This is going to rocket down to the 200ma. There is no support in the .14's. Just as resistance on each Continuation Triangle is the upper triangle line those lines now become support. So real support from that is below the 200ma.

Consolidation ended with the break of the major support line and what you have seen the last month is pure selling.

This, right now, is an engineered sell off and the target is the 200ma. Traders with a lot of shares, that can still be sold for good profit, are the ones controlling this now and they will sell it off and buy back in lower.

RSI - Falling fast and will dip even lower.
Volume - massive selloff today.
MACD - falling fast.
CMF - Shows money flowing out of this stock even as it was going up which is why it could not continue up but broke through major support.

That stair stepping that everyone talks about ended with the break of the major trend line. The red dotted vertical line.

Do I think this is a scam. Absolutely not but it is being manipulated purely for greed at the expense of new investors. The chart clearly says selling while being claimed to be bought.

More, honest, real charts, coming soon. Charts that actually show what is clearly happening. Not what they want you to think is happening.