To The Moon

$AML3D LTD(AL3.AU)$ This is supposedly about silver, but I will probably leave that for the next article. Why so?@CaptainTiger There is a critical price point for this company stock price that I have been following for the past few days. As I have shared AML3D a couple of times before, I felt compelled to highlight this. I have zoomed into the primary chart. I mentioned previously about watching 11.5 cents. I was surprised that it broke through last week. One week on, that concern proved unfounded. It now appears as a false break. However, AML3D is not entirely out of the woods. Nevertheless, promising shoots have emerged. The downtrend appears to have finally arrested. After forming lower highs and lower lows, since the break of 11.5 cents, the stock price has strongly rebounded. 

Today, the share price closes at 12.5 cents. It attempted on a couple of occasion to break 13 cents but had not been successful. Why is this price point important? I have drawn a downward trend line (in purple) showing resistance line forming during to the downtrend. 13 cents happen to lie on that trend line, so it has become a trend resistance point (at this point in time). If the price could break into 13.5 cents (and stay at or above this price for the next few days), the downtrend would be broken. It would signal a first higher high and possibly the beginning of a new uptrend (it could also stay stagnant to signal a fight between 🐂 and 🐻). Yup, so breaking 13 cents is important if not crucial for AML3D price movement. Looking at the secondary charts, RSI lies around 50, a healthy position. MACD looks ready to breakout (upwards). The rest of the indicators look healthy too. In short, it's promising... especially if we get a good US market tonight, that would probably be the push we need for traders to enter into position again. That's why time is of essence for this trade to succeed.

If 13.5 cents do break, we are looking at 16.5 cents as the next price target. Before it could get there, there's a resistance line at 16 cents. It should get there... 

Ignoring the technical details of the chart, AML3D is progressing nicely in defence space. I have shared this in another recent post. I first took notice of the company because of its US Navy's contract. Qualification is not easy. Once in, jobs more or less flow in. With the second coming of Donald Trump and accompanied defence spending cuts, AML3D actually stands to benefit with its 3D printing technology. The manufacturing process builds up materials rather than the conventional way of removal of materials, so it cuts waste. It is also a lot more efficient (cut processing time) and the end products are stronger.

Finally, AML3D is not standing still. Expanding to US is only the first step. While it is crucial to be in US to win more defence jobs, the expansion is essential to free up space for its Australian facilities. See the next attachment. With the free up space in Australia, there's the next way forward for AML3D.

Be it technical analysis or fundamental, AML3D is standing at the doorway of success. It is all about catching the 🌊. With Donald Trump and US turning their backs on their European allies, further defence opportunities from Europe might appear for AML3D too!

I hope to share the ride with you. Will you join in? Leave me a comment if you are and I will keep you posted on its development.

@TigerStars @CaptainTiger @MillionaireTiger