This post is 100% false and flawed thinking, and I will explain why...
What was said:
So you claim on the yearly chart this is below the 200MA...
Do you understand what the 200MA is? 200MA is the moving average of the last 200 periods... The period being whatever the chart is, in this case... You stated yearly chart... So the period is years... So you are claiming AMFE's price per share right this second is below the the average price of AMFE over THE LAST 200 YEARS??? No.... Not even...
Even assuming somehow AMFE has been around for 200 years... Which no.... It hasn't (I believe it originated in the 1980's)... Roger has only owned the company for 3 or 4 years... So what the yearly 200MA is, is just as immaterial now as it was the very second we reached $0.235... You aren't going to tell me in the last 200 years that the last 6 months is where the chart broke down...
What I hope was meant to say instead/ and think was meant to say:
I am SEVERELY hoping you meant the 200MA on just about ANY OTHER CHART spanned out to show the last year... Which is not called the yearly chart... It would be called the last year of trading on the daily chart, or weekly chart, monthly chart, quarterly chart, intraday chart, etc... Or the YEAR LONG CHART... Which... I would lean toward this as being what you obviously meant... But, it would be worth noting that stating on the year long chart, it doesn't matter if you span out a month, a year, or 10 years, the 200MA is the same on all those charts... The only thing that changes what the 200MA is, is the period of the chart (intraday, daily, weekly, monthly, monthly, quarterly, yearly, etc.)... Because again... the 200MA is the moving average of the chart's PERIOD...
So moving past the false statement you made, and working with what was probably meant to be said... I think you are referring to the daily chart's 200MA... In which NO... This is not below the 200MA... It DID fall below the 200MA, but it bounce up back to being above the 200MA... And falling below the 200MA only matters if we CLOSE below it... We did not... We bounced off it... We are above the 200MA now...
On the weekly, monthly, quarterly charts we are WAY above the 200MA, if a 200MA even exist yet on some of those...
So no matter how you slice it, this was a false statement...
And many stocks hit and bounce off of the 200MA... I think it is a good thing we did this and we did it where the chart is technically... The chart is NOT breaking down, it is actually stronger than ever... Sure, the PPS action looks ugly, but we are creating higher highs and higher lows as we bounce from the 200MA, which is up trending BTW... The MACD and the Stochastics show a potential reversal coming, which is a perfect place for a reversal to occur... Off the 200MA... We are close to a breakout here in my opinion... Regardless of news...
This is my 3rd attempt to posting this, the past 2 were removed... I hope I cleaned it up enough this time...
The first was removed for personal attacks, I took those out... Then it was removed for being "off topic", but it very much is on topic and now it is 100% on topic... I removed the off topic from the post...
AI
