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Wow and we bounced off the 200MA too... So? Looking

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SeatonBM Member Level  Friday, 02/09/18 05:29:38 PM
Re: jonsmile post# 100045
Post # of 193431 
Wow and we bounced off the 200MA too...


Looking at the MACD (especially the weekly MACD) momentum here was EXTREMELY negative the past 7 months.... Err... Correction, it was EXTREMELY negative here from August to December where it reversaled and become equally as EXTREMELY positive, but fell just short of crossing the zero line into the positive (regarding the weekly MACD histogram)...

Since a week or 2 ago we stalled... Even slumped a little negatively in momentum... But, here we are, bouncing off the 200MA, a place where reversals occur unless your company is absolute crap, where the market maker computer software algorithms for firms have big money sitting on the BID to buy, etc... If we reverse here, then the valley on the MACD histogram will be barely noticeable since the last bullish to bearish reversal.... And then momentum will continue back upwards... It's not very negative now, which means we should, with any small amount of positive momentum, cross the zero line and go positive.... Which should lead us to the breakout anticipated...

I'll admit, my technical analysis was a bit optimistic with the last positive momentum swing, we stalled and slumped slightly... But if we reversal here back to the bulls, and the 200MA is a place that I'd expect that to occur, then the slump was minor and we are not far from the breakout zone still... IE a minor set back to my previous analysis... Which again, is no perfect science, it list the possibilities and assigns odds to each... I tend to lean on the optimism...

If we close below the 200MA I might change my tune slightly... But I doubt we do that... And if we do bounce off the 200MA, then the fact is we are still building higher highs and higher lows...

The bottom was $0.1112 since the high of $0.235... We took a big dip on November 22, 2017 or Thanksgiving Eve... We approached the 200MA but turned north before reaching the 200MA... There have been a few other occurrences where we dipped and approached the 200MA since November 22nd, 2017... Like December 21st, 2017 and January 5th and 6th, 2018 (or was it the 5th and 4th, I'm not currently looking at a chart... These dates stick out in my head from past analysis I did)... Each time we approached the 200MA and turned north again we did so at a higher price, IE higher lows... And that's largely because the 200MA is up trending all along too...

We have reached higher highs along the way as well... Obviously we never reached the $0.235 high so far... But the general trend overall of the charts since November 22nd, 2017 and the December, 2017 reversal has been higher highs and higher lows... An uptrend, IE positive momentum... No reason to believe it doesn't continue... We just bounce up and down between new highs and new lows, but are higher highs and higher lows each time... At least in the big picture which is where it counts the most...

So yea, we hit the 200MA, but we should move up from there... Bounce off it... If we do so, we will re reversal out of a minor slump and probably approach a new high... Which intersects with the upper trend line of the high price since the $0.235 high, thus puts us into breakout watch all while the MACD histogram should make up ground since a minor slump and get above the zero line going positive... Thus amplifying the breakout potential...

It's coming... And news is out there that can catalyze it at any time...

This as long as we hold the 200MA, could be ripping the bandaid off and be the best thing AMFE could have done today... Hard to see it when you only watch the PPS... But watching the tools and indications along with the PPS shows a more detailed picture...

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