$AML3D LTD(AL3.AU)$ After going sideways for sometime, this company looks to be on the move again.
As shared previously, defence companies have been on the move lately. Over the last 2 weeks, when it appears that correction has finally taken place due mainly to profit taking activities, the sector simply refused to give up... yet. The major correction started at $DRONESHIELD LTD(DRO.AU)$ after ASX Enquiry over its share price action. Drone shield hits all time high with no announcement or apparent reasons (we all know how speculation works [Grin] [Silence] ). During this time period, $QUICKSTEP HOLDINGS LIMITED(QHL.AU)$ has apparently taken up the mantle. Following ASX Enquiry, Quickstep actually announced great progress in its negotiations with its clients. There's also good financial news to be expected. This follows the vastly improved results announced by another defence company, $ELECTRO OPTIC SYSTEMS HOLDIN(EOS.AU)$ , another defence holding of mine.
The main reason why I have added my positions to both AML 3D and EOS are for different reasons.
EOS, for being undervalued especially when compared to its sector's peer, aka Droneshield.
AML 3D, for its vast amount of potential come next year... especially after the US factory is up and running... I am also looking forward to it getting more work with Boeing! Now that AML 3D is supplying US Navy, with Boeing working with US Air Forces, it's only time that AML 3D supplies the Air Forces too... if US military deems that AML 3D is good for them, what would the rest of the world thinks? Especially countries that bought military equipment from US, including Australian government... this is a potentially bigger story that Droneshield, EOS and Quickstep combined! Don't you think so? [Yummy] [Thinking] [Silence] [Cool]
Feel free to share the story. I think it is early days... from the charts I shared, the breakout after consolidation for AML 3D seems to just started... I expect it to take out its all time high of 26 cents formed just a couple of weeks ago. If that should happen, in the short term at least, all hell breaks loose from there! I expect the price to explode near term before going into another round of consolidation. You can choose to take profit then. Or you could choose to believe in its vast potential come next year and ride the waves... an Olympic gold might be in the making... in line of the current Olympic Games theme [LOL] [Chuckle]
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