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Strategies & Market Trends : Underexposed Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (694)	12/24/2019 2:00:13 PM
From: Underexposed	Read Replies (1) \| Respond to of 914

Hi Robert You never cease to amaze me with the quality of your stock picks.... If only you would pick Canadian stocks as well I would be a rich and happy man LOL ARMANINO FOODS OF DISTINCTION - [OTCB:AMNF] Normally an American ticker means a foreign owned company but I have read the history of this company which is a fascinating account of immigrants to America that established themselves in the herb market and have built a food empire. Look at this 16 year history of being a public company this is a MONTHLY chart so it is very coarse but in 16 years...even through bad times of 2008/2009 this company has not had a serious problem and I love how, when on a breakout, the share price tracks the upper bollie. It does suffer from low volumes though... see how total shares for a month never reach 0.5 million. To me that does not matter since once you buy in there is really no incentive to sell immediately IMHO. Financials........... AMNF Financials Net revenue: On an annual basis net revenues have been increasing year on year. Apparently there has been a dip in revenues on the last quarter (about 3%) which they attribute to Asian sales and given the trade war that is understandable. Annual net revenue is typically in the range of $4 - $6 million. They also issue a quarterly dividend of $0.025 (2.8%)... not a fortune but every little bit helps. Debt Current: a very stable quarterly $730,000 in 2018... Long term: declining long term every quarter. Technical Analysis Long term there is no problem with the share price performance.... let us look at the 6 month performance P&F and Trigger charts the P&F chart seems to have topped out for some time now.... Is it serious??? I doubt it....more like a buy-on-the-dip time. We are currently between the support and middle resistance. These resistances will be tough to pass in the short term... but the support is strong too/ The blue circle shows the column SMA's to be bearish with no hint of a turn around yet. Since we are trapped between a strong resistance and support... I would call this chart overall to be neutral bearish The thing that strikes me in the Trigger Chart is the size of the shadows in the candlesticks. Given the low volumes this shows me a quite variable pricing during the trading day. In the top circle note that the 20daySMA has already fallen below the 200day SMA and the 50day SMA looks to be playing fallow the leader. mildly bearish There are plus signs too though... the share price has risen above the 20daySMA this is good position for a +ve breakout. AnD there are hints that a +ve breakout is forming... the Slo sto is about to cross 5 and the MACD is rising as well. mildly bullish But the BBWidth is still falling and should fall to about 2.5 before we can anticipate the breakout Sentiment and Ichimoku charts Lots of mixed messages here the Par Sar looks bullish bullish but I will downgrade it since it is not yet in the throat of a bollie squeeze so it is only mildly bullish the Force (30) is improving but still mildly bearish the RSI(30) is neutral the DI /- is BULLISH The Ichimoku is also full of mixed messages See how for the past 2 months that it has been under a very thin red cloud... it has tried several times to breach this cloud but cannot do it....this is bearish The thin red line in that circle is above the thin blue line... this also is bearish the onBal Volume has flattened neutral The CCI is rising above zero mildly bullish The CMF is stuck in the mud bearish Conclusion Let's look at the consensus Bullish ................... 1 Mildly Bullish ......... 3 Neutral Bullish ...... 0 Neutral .................. 2 Neutral Bearish...... 1 Mildly Bearish ........ 2 Bearish .................. 4 Cancelling opposites Bullish ................... 0 Mildly Bullish ......... 1 Neutral Bullish ...... 0 Neutral .................. 2 Neutral Bearish...... 1 Mildly Bearish ....... 0 Bearish ..................3 I have cancelled opposites and the consensus is that this stock is still in a bearish mode. What this says to me is that the potential +ve breakout will fail when it starts. But I do like this stock...how can you not like a company with over 15 years of public success and a very strong (though declining a bit) revenue. But now is not the time to buy IMHO.... I actually think it might fall through that support and then I would look for the support to rally around after that... Not passing that red cloud after trying for 2 months is a huge red flag for me.... Having said that I would have no qualms buying it on a second surge...not this one. UE