AMPG is a microcap (24mil) company that reportedly designs, manufactures, and sells components important to the aerospace (sat com), telecom (real 5g), and quantum/AI space. This weekly chart demonstrates price bullishness (double bottom), but limited buy volume. The chart shows how weekly moving averages can suppress or support price action. Price recently has crossed a major resistance barrier by breaking through 50 week SMA, which is now support. However, 200SMA is proving exceptionally resistance, especially without buyers showing up in force.
Fundamentally, things look sound, IMO. Cash on hand, profits increasing. Low outstanding shares about 9mil
Predator flashed a bull signal several weeks ago. As you can see on this chart, there is a confluence of weekly moving averages AND down trend lines from April 2021, almost two years ago. I like to think of these trend lines as speed bumps. It will take energy (buyers) to get over them, and confirm the new trend. I would guess there may be some choppy waters here, up and down. I find it interesting how March 30th earnings report is just on the other side of the trend line. Will that be when the pent up energy is released? Only time will tell.
As expected, having some sideways consolidation. Macro environment put a damper on much bullishness. I like the looks of this double bottom on line chart. However, wouldn't confirm on monthly candle unless a monthly close above $2.75
@Cryptough, If macro continues to suppress/restrain price action and it breaksdown, if all other fundamental and technical factors remain favorable or benign, then I'm looking to add to my position with bids placed at price action gaps, reflective on weekly and monthly charts. Those are pretty significant indicators that there needs to be further price discovery between $2.28-$2.24.