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SteynTrade
Jul 8, 2019 7:55 AM

JSE:AFH Alexander Forbes Bucking the Trend Long

ALEXANDER FORBES GRP HLDGSJSE

Description

I have been following the accumulation range of Alexander Forbes (See post below). Price has consolidated at the top of the TR, which is also the yearly pivot point. It has pushed above with some high volume selling pressure but remained above the TR (See the negative divergence with the volume RSI and volume spike). In spite of the week market conditions it still looks as if this is about to start the markup and is being defined by the 50 day MA and clear upward stride.
Comments
Bullandbeartrading
I like that Set up mate, @SteynTrade

DACapitalTrading
Simple and clean setup, keep it up mate :) Leave us a like as well
SteynTrade
@DACapitalTrading, Thanks, Will do
transparent-fx
the effort you have put in to share is appreciated, i'm sure you would also like my content
SteynTrade
@transparent-fx, Thanks I have hit the follow button
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