a time for accumulationAs price hovers above a low of 1.7USD clearly much lower than the $4 usd and $3USD that the company had raised through a direct offering AMPG has lost have of its gains within the past month.
Currently with less than 500k trading volume there is potential for a reversal in the longer term for this ticker AMPG. We've had several daily candles close above 1.6USD which is slightly higher than the price in December 11, 2024 before the stock price had doubled, tripled and quadrupled causing a overevaluation at the time. Currently the niche and demand for products surrounding 5g/6g cryogenic products are still in the works, As time progresses if quantum computing will be an important aspect along with artificial intelligence, the need for Cryogenic, Space-Grade Solutions Functionality, the demand for hyper-efficient, ultra-reliable radio frequency (RF) devices that enable next-gen technologies like 5G/6G, Quantum Computing, LEO Satellite Communications, and AR/VR.
This is a ticker to watch for potential growth within this sector even though it may take more time to achieve.
Current weekly candle is above the ichimoku cloud cover but the candlebars are becoming smaller indicating a weakening in selling pressure. daily timeframe currently has a double bottom pattern in effect which if selling continues than this would make the pattern invalid and would proceed down further OR if volume or accumulation phase were to begin than currently this stock is undervalued. With an IPO in 2021 and having their best year in 2024 there is much more room for growth for this USA based company. With Trump in office AMPG should benefit.
the monthly candle bar may be bearish right now the volume is incomparable to the buying volume that led to the uptrend in Dec 2024.
