InvestorsHub Logo

recinvestor

08/12/17 4:07 PM

#47164 RE: Cheds #47156

A purely technical response to your technical analysis:

Following the 15 SMA, one can go back to January 2017 and see that the price per share has always hovered near this level, and when it does go below, the chart has never broken down. And dips below have been short lived, and then the trend continues north.

I find no reason to believe the chart will break down if it does dip below the 15 SMA, just based on historical technical observation.

The longest timeframe for the slow sto cross has been 10 days, and it's happened 3 times since January 2017. 10 days, relative to the uptrend over a period of 8 1/2 months, I'm willing to hold through that 10 day period of time.

With respect to AMFE, I am not actively day trading it. But I understand where one is coming from as a trader, by spotting and inspecting these shorter timeframe technicals.

From a historical technical viewpoint, there will likely be continued opportunity to trade ALL THE WAY UP through higher levels. So if one is trading purely on technicals, be sure to get back in.

This in response to:

if MA 15 doesn't hold the chart breaks down



Now, don't get me started on underlying fundamentals...because that would draw the conversation away from technical analysis. But the beautiful thing is, I do look at the underlying fundamentals, which are largely responsible for creating this beautiful chart. Does life imitate art, or does art imitate life? I think it can be a combination of both :)

Go AMFE
Rec

OTC_Buyer

08/12/17 7:09 PM

#47186 RE: Cheds #47156

Can you explain your first section of chart how it broke but we still went up after? LOL ... IMO breaking it means nothing. This stock speaks for itself and I know what I own. Big things coming.

- 3rd location opening in first of September
- Audit of last 2 years still on schedule
- Uplist to OTCQX coming
- Spin Off for free Divvys
- Just got a signing bonus on our publishing side
- GRO3 expansion
- 20 million shares to still be retired
- and many more

Nothing will break except my jaw dropping when I look how much pps we are UP every week ;-) longs are in control here with a bullish chart is what I see

OTC_Buyer

08/12/17 8:41 PM

#47198 RE: Cheds #47156

Oh and IMO from the patterns I can see ... we will continue to gradually climb to $0.50 and start consolidation again. (This is just my own pattern opinion though.)