American Bio Medica Corp (ABMC)

[The Rainbow]

The majority of indicators for $ABMC are lining up stronger than the run in May from the $.20's to $1.26.

Of all the charting I do, in this case, the primary indicator I am watching is volume. Average volume is positive and increasing at a nice rate.

The run in June and July 2020 was actually on declining volume, marking a clear top which I confessed to miss in a 2020 post. The lack of support from the company clearly killed investor excitement and is by far the largest complaint from shareholders to date.

I have been noting signals of increased investor interest since November 2020. Low third Q revenue numbers (which I still don't understand)were predicted by at least one of the posters here killed the moment temporarily, but it is clear that investor interest has returned in spite of lack of PR.

I believe the recent increase in interest in $ABMC is helped by the new political regime that is clearly increasing testing. $ABMC is in the perfect place and time to take full advantage of this opportunity, IF they are open to taking advantage of it.

A personal note; The only justification for spending nearly a year here, will be positive fourth quarter revenue numbers or a sharp increase in share price. A change in management and a few PR's would certainly help.

rain