AMFE Poised to Breakout, Consolidating Inside the Pennant

Pennant formation/Bullish flag here. Similar structure to what has already played out this year for AMFE. This is a highly repetitive fractal structure is common in high growth assets.

First corrective structure hit the 50% fib. 2nd major corrective structure has tested and retested the 61.8% fib. Price is still consolidating inside the triangle. Buy Breakout. Price should break out before the end of the month.

The second impulse wave was a 2.618 fibonacci extension of the the first impulse wave. Assuming the next breakout hits the 2.618 of the last impulse wave, we get a target 2 of around $.48.

In case the next move isn't as large as the last, I set target 1 at $.32.

I'll update the chart idea with the fundamentals in coming days.