AMS technicals (charting), page-67

Well, I think today marks the end of a daily cycle and the beginning of a new one. A low and an engulfing candle in the same day (just held the critical 91c level) to poke head above 10 day MA and daily declining trendline. Stochastic curling and usually a sign from oversold territory that a 15-30% move ahead. However, given the weakness in the last cycle and the weakness I expect in tech stocks to April, I am not expecting a 30% move yet and I think that the 30 week MA will be tested if tech continues to sell off, and dare I say the 81c low we left behind on 1 Feb. For now, a retest of the breakout between now and next week and an up move to the end of the month (as long as tech holds a little to end of the month).

Fundamentally, nothing changes. I have been following their social media posts - looks positive. Expecting revenues to beat consensus broker estimates for this financial year (around high $68m - I think they will fall into the 70s and maybe even the 80s, if the run rate in to end of last year continues).

Something in this post for everyone.

Just my opinion, dyor.