American Consolidated Minerals Corp AMERF

A few technical notes...my own.

[BlindBat_1]

Pay attention to what happened starting March last year.

Now zoom to the StochRsi(140) and look what is happening - finally breaking out of the dull drums that it has stagnated in since October 2010 ie: Below 0.2 and now fighting it way back.

Look at RSI(14) at the Top, 70+ is considered overbought , but it does not hurt on bit for the stock to crack and ride above that for a while, just be aware that after a certain period - it will inevitably pull back, but this is not a warning yet,

Pay attention to the volume on Feb 24 ish - ±7.5 Millions shares traded, look what it did to the indicators I am referring to . But look at the black line of the MACD, it crossed the red line and was pointing UP and stayed above the red (bullish) until March 14 when it went deep sea fishing.

Now pay attention to the volume March 24 - ± 4.8 Millions shares traded....and its impact on the MACD.....sharp incline (bullishness)

Bottom line: I moved my BUY order from 0.08¢ to 0.09¢, in my opinion this will take a crack at breaking its 200 Moving Average sitting at 0.13¢, if it does and I got my fill - I might hang on and wait to see were it goes from 0.13¢ but with a tight stop to bank profit on a pullback (one never knows).


Chart too small?

Link here: https://stockcharts.com/h-sc/ui?s=AJC.V&p=D&yr=1&mn=6&dy=0&id=p79698719878

[deet]

While I appreciate your technical analysis, I'm wondering how accurate future price predictions can actually be...especially with penny stocks. With all the economic and poilitcal uncertainty (turmoil) out there anything can happen at any time...even with large cap companies.All we really need is an extremely positive announcement and this stock will fly. Penny shares have a mind of their own

[goldens]

I think charts do apply however the sp is much more sensitive to any bad/good news. The thing with AJC is that there was a lot of buying in the 0.085-0.09 range and now we will most likely trade at this new level until we get something positive. The move up has to be driven by something so I suspect that we must have something coming down the pipe. Just my opinion but we had to move to this new

[BlindBat_1]

While I appreciate your technical analysis, I'm wondering how accuratefuture price predictions can actually be...especially with penny stocks.With all the economic and poilitcal uncertainty (turmoil) outthere anything can happen at any time...even with large cap companies.All we really need is an extremely positive announcement and this stock will fly. Penny shares have a mind of their own.The

[BlindBat_1]

Bottom line: I moved my BUY order from 0.08¢ to 0.09¢, in my opinionthis will take a crack at breaking its 200 Moving Average sitting at0.13¢, if it does and I got my fill - I might hang on and wait to seewere it goes from 0.13¢ but with a tight stop to bank profit on apullback (one never knows).==================Come to pappy...come baby come to pappy!Real-time

[deet]

5 or 6 million trading into the ask will wipe out all the asks in your level II in a jiffy. Could happen at any time.deet

[deet]

I've got a sell order in at 90 cents. Come to pappy.deet

[Smiles48]

Anon is playing with you...  While he puts (and I suspect that it's an insider) pressure on the ask side he is picking up all he can at 0.10 and below, and of course he has time on his side.Cheers all.

[deet]

I fully agree, smiles. Somebody is hell bent on scooping up all the cheap shares he can before the stock takes off and is using scare tactics by putting deliberate "pressure on the ask side". I've noticed that myself. It may be an insider...it may be an investor with deep pockets.Whether time is on his side is debatable though. I firmly believe that a lift off is imminent. Warmer