Hi Guys, After some research, I have started taking position in...

Hi Guys,

After some research, I have started taking position in this dog. I only like dogs.
My thinking is the stock has probably come out of a downtrend and done a quick successful re-test.

We have the best BUY indicator from these 3 recent announcements.




The 20 day moving average is turning up slowly and should be followed by the 50 day moving average soon. My expectation is the stock may see 60 cents by April 2020, that is good 35-40% move in the next 5-6 months. I'll be happy if that happens. If I could send a message to the management that is no need to pay dividend. Small companies like this should not engage in dividend payments rather invest that money into company growth. The capital appreciation from growth investment far exceeds a token dividend.
I'm not a chartist or technical analyst by any means, but just trying to draw some lines in my spare time, so please excuse me if there is any mistake.

Below is a long term weekly chart  dating from 2014.


This is a daily chart.





The recent sell- off from 52-42 cents appears to be a text book accumulation action. If it is so then this will grind within 42-48 cents for quite sometime.
My best probability assessment is 60c or above by Apr 2020.


@colinchi.......I did mentioned two weeks ago on the PRU forum that there was some pain left at AMI.
However, those insiders buying made me start taking position here. We could make some mulla here in 6 months time. Happy Investing & Trading.