AEF australian ethical investment limited
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  1. aruc6393
    2,540 Posts.
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    14/09/20
    18:34
    Post #: 47331992
    Hi folks,

    Chart below shows a recent downward breach of the 200EMA, followed by a denied upward cross. MACD and RSI trending south again, which means the 50EMA could breach the 200EMA signalling the commencement of a bearish trend. From there it could run down towards the last major support line at around $2.00.

    Thoughts?

    https://hotcopper.com.au/data/attachments/2471/2471485-45fbe0b3ff81aa8f9bc10319435ed039.jpg
    AEF Price at posting: $4.41 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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