American Bio Medica Corp (ABMC)

[The Rainbow]

You and I are the only technical traders that post. A week ago $ABMC was the ultimate chart. Today, I am not as positive as you concerning this trend. Ultimately it will reverse to the upside, perhaps even within the day and is the reason I am here, but management is being unfair to the little man which is what bothers me.

The float is so thin Market Makers are just playing with us. There may be selling, there definitely is manipulation, both of which can easily be controlled.


We are in the sixth day of a squeeze/consolidation which I think is great.

However we pierced the downside of one standard deviation on my TTM_Squeeze and this should not happen on tickers I am so positive with. (Meaning I am trading on expected fundamentals or I would have ran already)

I am not into geek speak, but we lost the floor of support without the typical bounce, due to lack of volume.

We also broke outside of the last pennant on the wrong side due to lack of volume.

And there is just the lack of volume, our entire issue.

Management dragging this thing out is not hurting the $ABMC longs which haven't lost a penny because they have not sold. It hurt those that need their cash at end of month or made the decision for other to move into the hundreds of stocks that are up 20-75% today, leaving them frustrated.

We should not expect share prices to move up day by day forever. But a 35% pullback below support is neglect.