AEF 4.37% $4.54 australian ethical investment limited

So from my Technical Analysis, it seems to me that if AEF does...

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    So from my Technical Analysis, it seems to me that if AEF does not hold the ~$7.59 support range on the weekly chart then the next weekly support would be approximately the $6 range by which is a significant area of focus as the horizontal support intersects with the trend support. Therefore, from what i have identified from my charting, these seem to be the two points of interests for long term investors/traders.

    However, as i see that the volume of the sell off is not that substantial and that the RSI is at somewhat equilibrium in a long term uptrend, it suggests to me that the short term bearish price action is not sustainable and may not reach the convergence point or if it does, wouldnt break through to which the "~$7.59 support range (Give or take a couple percentages)" may hold or at least be difficult to break and be true.

    Constructive criticism are more than welcome! Need to improve my TA.

    Thanks! and hope this charting intrigued some people.

    Not financial advice, Just my opinion.
 
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