Bearish potential detected for AFIEntry conditions:
(i) lower share price for ASX:AFI along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $7.32 (open of 11th August).
Depending on risk tolerance, the stop loss for the trade would be:
(i) above the p
0.23 AUD
284.91 M AUD
330.42 M AUD
1.23 B
About Australian Foundation Investment Co. Ltd.
Sector
Industry
CEO
Robert Mark Freeman
Website
Headquarters
Melbourne
Founded
1928
ISIN
AU000000AFI5
FIGI
BBG000BJ1L34
Australian Foundation Investment Company provide shareholders with attractive investment returns through access to a steady stream of fully franked dividends and medium to long term capital growth.
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Has AFI's five month up trend come to an end? #ShortAFI has been in an uptrend since August of last year, price was rejected and created a short term resistance level.
Looks like it's due for a retracement on the Daily, Weekly and Monthly with long wicks to the upside. RSI also showing overbought on the same time frames. The next support level is at
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.