S A M Trade Asia Pte. Ltd. (SMFX)

[Bromus]

PFMS

Once again we have a nice close on the ascending trendline and rectangle with a nice bounce on the 50 ema. Even though it failed to close on/above the 8 and 20 ema which alot of people care about, I care more about the bounce on the 50 ema. If you look at the graph we can see not once has the stock closed below the 50 ema in the last few months or gone below it(except once due to a misprint of the OS) making it a very strong level of support which is already around the same area ish as my two chart patterns. As for volume we can see that there was an increase from yesterday which shows there are buyers who are eager for this ticker. As far as I can see in terms of the technicals, we are riding beautifully on a strong level of support area. I am still waiting on filings that can happen any day now. Once filings drops, this will run imo due to the number of people watching this, its OS, and the fact it has a more active liquidity compared to other plays. We can see from previous history that it bounced a few times on the .0070 area. Based off that, I feel once filings drop, buyers are going to smash through that and hit atleast .01 based on how other Lazar plays ran. We can see the MACD is starting to curve a bit in the upward directions. The skull icon was removed from the otcmarket site which shows that action is being taken with this. The TA for this ticker is currently working on this ticker and imo shouldn't be much longer until filings drop.