Good Morning FAMH fans,
-Looking forward to a great week.
Since 2/26/98, there has been 17 trading days.
29,403,400 shares have traded hands in those 17 days.
Average of 1,729,611 shares traded daily over that time.
(A lot of volume may have been MMs playing with themselves.)
3 of those 17 trading days have seen volume of 4,100,000+
Over the past 7 trading days, FAMH has not closed below $0.50.
In that time, 10,996,300 shares traded hands.
The closing price 17 trading days ago was $0.30.
(A double in a month)
If you add all this up, this is what you get:
1) FAMH is just now becoming known out there.
2) Increasing volume with steady rise in price (bullish in my book)
3) FAMH has staying power. Those who already have their two-bagger are sticking around. (Some of these names on this thread have been here for 5+ months. (Odd for a penny stock))
4) Great support above $0.50
Of course, all this is historical.
Yet, the best is yet to come within the next few days.
All the newcomers are hardly late for the party.
-Looking for a breakout this week.
BCfan |
