AMPG Intermediate Term view (Log Scale)Bearish intermediate term trend continuation confirmed. Bearish Break of Structure with Weekly candle closure under $1.62. Expecting a short term pullback after filling all internal range liquidity from Jun 22' - Jul '23. In addition, external range liquidity under $1.62 has been sweeped (Long Stops to close have been squeezed, Bearish open sell stop orders trapped for the moment). Let's see if shorts get squeezed before a new bearish continuation leg. We have tapped into Weekly BISI (Buy side Imbalance Sell side Inefficiency/FairValue Gap) so passive buyer's limit orders are coming in while simultaneously coliding against key structural support. The problem is; the company is subject to keep burning cash unless they decrease R&D (and the market will keep discounting this), the deterioration of fundamentals against a strong Q3 22' and the macroeconomic backdrop are all headwinds. There is an unmitigated monthly Pivot demand zone @$1.26 & a Weekly bullish gap fill @$1.08 + Monthly Open price from Oct2020 (The month the bullish breakout began 3 years ago). I still believe in this company and it's long term goals. I think such a deep transformation to the business model takes time to show it's full impact. We are on track, even after stumbling Q3 and quite possibly Q4 aswell. The market is fullfiling long term expectations.
AMPG
BUY: $AMPG #1EMA3in1AmpliTech Group, Inc. designs, engineers, and assembles micro-wave component-based amplifiers. The company's products include radio frequency (RF) amplifiers and related subsystems, such as low noise amplifiers for use in receivers of various communication systems comprising Wi-Fi, radar, satellite, base station, cell phone, radio, etc.; and medium power amplifiers that provide enhanced output power and gain in transceiver chains. It also provides specialty microwave block downconverters used as a test device on satellite access point antennas; specialty microwave 1:2 Tx protection switch panels that is used in satellite communication earth stations; desktop/benchtop and compact wideband power amplifiers used in SATCOM rack mount systems, as well as test equipment used in integrators and manufacturers of various communications systems, such as cellular base stations, simulators, and point to point wireless radios; and waveguide to coaxial adapters for SATCOM and satellite internet gateway systems. In addition, the company offers cryogenic amplifiers for quantum computing, medical, RF imaging, research and development, space communications, accelerators, radiometry, and telephony applications; and cryogenic and non-cryogenic 4g/5g small cell subsystems for high-speed networks and airline Wi-Fi systems. Further, it provides custom assembly designs and non-recurring engineering services on a project-by-project basis, as well as IC packaging and lids products. The company serves aerospace, government, defense, commercial satellite, and wireless industries through sales representatives and distributors in the United States, Europe, the Middle East, and South Asia. AmpliTech Group, Inc. was founded in 2002 and is based in Hauppauge, New York.
AmpliTech (NASDAQ: $AMPG) Looking Savy In The Near-Term ⚡Amplitech Group, Inc. designs, engineers, and assembles micro-wave component-based amplifiers. The company's products include radio frequency (RF) amplifiers and related subsystems, such as low noise amplifiers for use in receivers of various communication systems comprising Wi-Fi, radar, satellite, base station, cell phone, radio, etc.; and medium power amplifiers that provide enhance output power and gain in transceiver chains. It also provides specialty microwave block downconverters used as a test device on satellite access point antennas; specialty microwave 1:2 Tx protection switch panels that is used in satellite communication earth stations; desktop/benchtop and compact wideband power amplifiers; and waveguide to coaxial adapters for SATCOM and satellite internet gateway systems. In addition, the company offers cryogenic amplifiers for quantum computing, medical, RF imaging, research and development, space communications, accelerators, radiometry, and telephony applications; and cryogenic and non-cryogenic 4g/5g small cell subsystems for high-speed networks and airline Wi-Fi systems. Further, it provides custom assembly designs and non-recurring engineering services on a project-by-project basis. The company serves aerospace, government, defense, commercial satellite, and wireless industries through sales representatives and distributors in the United States, Canada, Mexico, Europe, the Middle East, and South Asia. Amplitech Group, Inc. was founded in 2002 and is based in Bohemia, New York.
AMPG Leg 1 = Leg 2 Complex correction (Log Scale)Leg 1 = Leg 2 Bearish Measured Move nested inside Bullish Spike & Channel Macro Structure.
Expecting the Path of Least resistance to be downwards unless we continue to see strong Spring type action. Retracements under a declining 5Day MA must be treated guilty until proven innocent, if looking to open a swing trade. A Higher High above the 5DMA would provide confirmation. There is always the possibility of a re-test of 2017-Oct2020 Accumulation Range Creek & Origin of Breakout @ $1.5.
Currently trapped shareholders that remain steadfast and have bid their time for appropriate places to average down, a Higher Low Major Trend Reversal or Higher Low Double Bottom Major Trend Reversal at the base of the channel would be ideal. Otherwise appropriately Double Pressured Range breakouts could provide more conservative entries than catching a falling knife.
April2021-Jan2022 Redistribution Range Breakdown Measured Move Targets;
1:1 Target @ $2.15
1:1.618 Target @ $1.5