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TRADER-WANNA-BE

AFI.ASX_ST Long

Long
AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED (ASX:AFI)  
TRADER-WANNA-BE Updated   
ASX:AFI   AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED
Trend Analysis Technical Indicators AFI ASX
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trendanalysis indicator afi asx
ENTRY: 7.04
TP1: 7.16
TP2: 7.32
SL: 6.8

- ADX>25 today (17 Nov 2020)
- RSI>70 today (17 Nov 2020)
- MAs are aligned
-Break up with good volume
Comment:
- Didn't like the closing today as would like it to maintain above 7.32.
- Shift SL: 7.15
Comment:
- Broke above 7.32 resistance and looks like consolidation there
- Adjust TP: 7.75
- SL: 7.15
Trade closed: stop reached:
Hit adjusted SL.
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