To The Moon

$AML3D LTD(AL3.AU)$ So it has happened... and how the volume has exploded... earlier this morning, it took out its 1 year high of 26 cents to hit 28.5 cents before dropping back to around 25 cents.

I had mentioned before that AML3D was in an overbought position. It doesn't mean that it won't stay overbought for a while. RSI indicator remains at 94 despite the earlier correction. Volume definitely shot up today, but it had actually been showing up since last week... The market seems to have anticipated this announcement. It's not all firm as we still put a dollar or cents to the LOI, or letter of intent. That probably explains the correction after the initial euphoria... the market appears to have priced in an announcement, something good, but not totally great. Meaning, expectations had been high...

Looking at the letter's details, I have highlighted at least one concrete information that could be extracted. Besides expecting to produce parts for the Navy, we are at least expecting orders of around 100 3D printers to be used throughout the Navy manufacturing facility. That single order alone, if turns out to be true, would easily be the largest order for AML3D and could easily be higher than the entire of its last financial year.

Yes, correction is expected while waiting for more concrete rewards from the US government. I will take this opportunity to re-evaluate my position and if the correction continues, I might add to my existing holdings. 

The opportunity is huge for AML3D and opportunity only knocks once... there's always a time to buy and a time to sell... For now, I will sit tight for the market to work its way out... life changing opportunity doesn't come often. I will know one when I see one. Be patience and pounce when the time comes...

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