3SOF

Like what I am seeing with this stock. I got in first several days ago in the .016 range and added at .0188 and .0186 today... This stock is showing some strength!!!

This could get fun pretty quick!!!!!

Thanks for your posts, laksateho and aitech61 

AMEP.OB made a small hammer on candlestick terms, which is a minor short term trend inversion signal. Perhaps 2 more hammers and we get a 40% rise like happened last Monday.

Support for AMEP.OB is $0.017 and resistance is $0.025.

The stock did rally intraday, but the advance fizzled at the end of the session. The chart wasn't ready in candlestick terms. More ready now. AMEP.OB will punch so much that resistance at $0.025 that it will ultimately break it, just a matter of time in my opinion. When it breaks $0.045 will be seen in the short term.

David,

When it punches through and gets to the .045 is the plan to sell at the .045 or hold for the bigger run with the oil bubble looming?

basanlas

I'll analyse it when and if it happens, but my plan is not to sell near those levels, but much higher.

One hammer today.  Two more to go, then take off.

saffeysite said it all, another hammer today on AMEP.OB, and we know, from past experience, what that means: a powerful white marubozu is in the making !

Starting from an higher base it is possible to break through the $0.025 resistance level, we'll see.

Holding AMEP.OB for the medium term.

Added more

Nothing new on AMEP.OB yesterday, another day with a tail behind. Support is at $0.0175, resistance at $0.025.

Could this be day for a turnaround ?

Good morning !

Today I'm very late on the updates because of a general blackout on the internet access where I live. I've came to Ramsburg's house to do this.

Ok, here we go ...

AMEP.OB made a sell off yesterday probably because major oil companies did too, on earnings releases. Nothing that compromises the bullish trend on the sector.

Ascending support line for AMEP.OB today comes at $0.0177.

House passes big energy bill

By H. JOSEF HEBERT Associated Press Writer


http://cnews.canoe.ca/CNEWS/TechNews/Other/2005/07/29/1152474.html

I added today..... .0176 & .0178

I can only see big positives for AMEP from this bill. Also you might notice in the article that the bill does little to reduce the price of oil or so opponents say.. The oil industry gets breaks galore to enhance our domestic production of energy.....

This has AMEP written all over it... Randolph this IMHO adds to that bubble theory you have been talking about. The small boys will surely start seeing an abudance of investor attention with federal funds on the way.  I agree $80 oil is on the way but with this bill it may not need to get there to start seeing some major moves......

Wow! Interesting recovery.. popped from .0175 to .0195 in no time flat after had been struggling all day.. Still Need more volume though to confirm the reversal

I have added more at 0.0195.
Looking for 0.025 resistance level

AMEP.OB touched exactly on support and bounced nicely. Were going to be on this ping pong between support and resistance levels until the stock decisively breaks one or another.

Considering fundamentals (that is, the oil price and the US government strong support for national oil production), I believe AMEP.OB will, in the end, break the $0.025 resistance level on the upside, and make a quick run to the $0.045 technical target of the breakout.