Newb'n it, learning those hard lessons.
Looks like AMFE could still be setting up for the next big Impulse Wave. Currently finishing up its Retracement Wave with Q3 and audited financials right around the corner.
My first attempt at calling the end of the wave was off by a few months and misinterpreted the (a) retracement leg as the complete (abc) retracement...
Entry @ .63 - 50% pull back from last run
Stop Loss @ .57
Target1 @ 1.10 - Fib. Extension 1.272
Target2 @ 1.30 - Fib. Extension 1.618
Last 2 runs have gone from the low to 1.618 Fib Extension, let's see if this pattern continues for at least one more cycle.
In the long run the company has a lot of upside potential in the MJ Market. MPX is Multi-State and...
A newbs attempt at Elliot Wave Theory and Fibonacci Extension analysis for Amfil Technologies.
New to E-Wave but it looks to me like the next wave up is about to begin.
I think it's safe to say that AMFE has performed beyond most traders expectations during 2017. Starting the year as a sub-penny pinky, Amfil managed to grow it's business and it's share price...
