To The Moon

$AML3D LTD(AL3.AU)$ The moment of truth... I have shared AML3D a couple of times. Today's sharing is an update on the price chart indicators and what they mean. AML3D has been walking on a tightrope as far as stock price is concerned. To tell the truth, all is quiet about the activity of the company, as far as announcements are concerned. This is expected (at least for me). The company has just last month opened its US facility. A lot has been expected of this new US facility. Linking back to the movement of the share price below, you will notice that the share price has been trending down since December last year. The previous run-up of share price has coincided nicely with the series of company announcements. Fittingly or otherwise, the downward movement coincides with the absence of new announcements. We can observe this lack of enthusiasm from the volume chart (see chart 3) below. From TA prospective, the company share price is in a downtrend. It is the same no matter which indicators I look at. Shared below are just 2 examples of 3 indicators, BOLL, MACD and RSI. Although the price lies at the bottom of BOLL line, unfortunately RSI doesn't indicate oversold position and that means there is likely more room for this share price to go down from here. Crucially, the share price is holding at a strong support level of 13-13.5 cents. It is the moment of truth for me. If this price holds, there is a good chance of a bounce from a double bottom position. The short term target price for the bounce would be 18.5 cents. If the support fails, we are looking at 11.5 and 12.5 cents as the next supports, of which 11.5 cents is expected to be strong. We need to be careful here if 11.5 cents gives way because there's no support until 6.5 cents! [Spurting] [Gosh] [OMG] Having said that, I don't think that will eventuate given that there's no news from the company. The price is simply in consolidation phase rather than correction phase. Conclusion This is the most important point of my post. The US facility has just started. Although there is budgetary concerns about US defence spending given that Donald Trump is looking at cost cutting. Ending the wars might seem bad news for defence stocks. It is true and not so true. The conventional or traditional powerhouses will likely feel the impact. This is in fact an excellent opportunity for companies such as $AML3D LTD(AL3.AU)$ and $TITOMIC LTD(TTT.AU)$ that focus on 3D printing or additive manufacturing. These companies focus on quick turnaround and minimal materials wastage in parts manufacturing. As US military is already a user of AML3D, I see the company to be at the front of the queue for this defence revolution that is sure to take place. If we don't position in the company now while share price consolidation is taking place, when would we ever do it. Be greedy when others are fearful. @MillionaireTiger @TigerStars @CaptainTiger