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Tuesday, July 24, 2018 1:19:52 AM
AMFE Weekly Chart - Spot the Divergence
A few things to point out here that to me are quite interesting:
1) Divergence in pps and acculation/distribution line (black). Forked off in a bullish way in March.
2) MFI looks to have bottomed and is now on the rise, even with the most recent red days.
3) MACD needs a “nudge” to cross over.
My prediction: the next test of .12 will be a success and we see a multi-month run as a result. AMFE has over $11M in revs through 3 quarters, in the process of finalizing a three year audit to uplist to the QB, and is franchising their popular board game cafe, Snakes & Lattes, in the USA.
A few things to point out here that to me are quite interesting:
1) Divergence in pps and acculation/distribution line (black). Forked off in a bullish way in March.
2) MFI looks to have bottomed and is now on the rise, even with the most recent red days.
3) MACD needs a “nudge” to cross over.
My prediction: the next test of .12 will be a success and we see a multi-month run as a result. AMFE has over $11M in revs through 3 quarters, in the process of finalizing a three year audit to uplist to the QB, and is franchising their popular board game cafe, Snakes & Lattes, in the USA.
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