American Scientific Resources (ASFX)

[stervc]

Rjdover, with the charts...

I'm not really a chart guy as I think they are not very accurate for the penny stock world as they usually tell you the after the fact story given after the fact from certain positive or negative volume that has occurred which could easily be manipulated from a variety of means, but it doesn't matter what I think. It matters what the market thinks.

Because of this, I have been slowly (& quietly) learning about charts as there is a huge group of investors that buy and sell only on Technical Analysis (charting) and cares not about Fundamental Analyses.

I think both Fundamental and Technical Analyses should be considered to reach all investors. Now, with taking such under consideration, the chart for ASFX looks very strong for hints of an initial breakout that is about to transpire. I'll go back over some of my charting notes to post what I see from such. Keep in mind, I am a rookie when it comes to charting.

With a few more days like last week, we might have to get the pros over here to post their charts to keep me from posting a botched-up effort (LOL). Volume will be the key variable as it must continue for a consistent chart readout. I think it will.

v/r
Sterling