SteynTrade

JSE:AFH Alexander Forbes Bucking the Trend

Long
JSE:AFH   ALEXANDER FORBES GRP HLDGS
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.

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