Bull or Bear? Decision time for AMFE

AMFE needs a sharp breakout of the wedge on the bullish chart to remain bullish . A break to the downside would indicate a continued correction before starting wave 1.

Comment: C Wave has completed, go time


I often don't say this, but i have to say this time... I think fundamentals will over power the TA on this one. This 6 month consolidation period has been brought about from the audit delay which is supposed to be done by April 6th, or as soon as this week. April 6th is a cushion according to the CEO.

Throw the acc/dist line on the chart and you'll see it's one of the strongest acc/dist lines you've ever seen on a penny stock. This 6 month delay has allowed all of the longs to accumulate more and more shares and the Company is currenly undervalued at its current share price. Lots of news coming after the audit completion and uplist off the pinks. Two more weeks I give it... float will be locked. Share dividends for the spin-off. GRO3 update which is what everyone has been waiting for and the CEO has been holding back until after the uplist.
+1 Reply
Broom codywelsh31
@codywelsh31, Looks like ABC correction is just about in, only one way to go from here... up!
@Broom, audit this week and we're off!
Broom codywelsh31
@codywelsh31, where's the audit?
@Broom, idk... maybe tomorrow or Friday evening? starting to get ridiculously overdue
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