AMPG, fresh name in Quant/real 5g space. Watch moving averages

$AMPG is a microcap ($24mil) company that reportedly designs, manufactures, and sells components important to the aerospace (sat com), telecom (real 5g), and quantum/AI space. This weekly chart demonstrates price bullishness (double bottom), but limited buy volume. The chart shows how weekly moving averages can suppress or support price action. Price recently has crossed a major resistance barrier by breaking through 50 week SMA, which is now support. However, 200SMA is proving exceptionally resistance, especially without buyers showing up in force.

Fundamentally, things look sound, IMO. Cash on hand, profits increasing. Low outstanding shares about 9mil

AMPG














*Not financial advice

Comment:

Predator flashed a bull signal several weeks ago. As you can see on this chart, there is a confluence of weekly moving averages AND down trend lines from April 2021, almost two years ago. I like to think of these trend lines as speed bumps. It will take energy (buyers) to get over them, and confirm the new trend. I would guess there may be some choppy waters here, up and down. I find it interesting how March 30th earnings report is just on the other side of the trend line. Will that be when the pent up energy is released? Only time will tell.