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. #amfe
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...
AMFE Nice move here off of the .08 support and 10sma. After three days here of profit taking AMFE made a nice move bouncing off of the 10sma on Friday 05-05-2017 with 3 million in volume. There is a gap at .0760/.0823 that could fill if volume slows down. Current support levels .08/.0750/.0640/.0525 and Resistance levels .0887/.0950. Watch for a possible breakout...