Wegian Thoughts....
The reason I went all in as I saw a break in midterm resistance and the markets looked ready to pump.
BUT we need to see a break out of short-term resistance to eradicate the bear flag cycle. IF we don't see a break out of short-term resistance the bear flag is still in play and I have made a mistake....
IF we break short-term resistance expect to see the markets and AFG pump next week. I anticipate a retest of previous resistance of 4168 before we pull back to flip short-term resistance into a new support level.
The price will then bounce off the new support and retest long-term resistance which if it breaks we will see a huge market recovery and all time highs in the following months.
Yours faithfully
HC Charting Guru.. Wegian
Wegians Thoughts....
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Last
$1.61 |
Change
0.010(0.63%) |
Mkt cap ! $434.5M | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.62 | $1.59 | $360.1K | 224.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15408 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.62 | 7408 | 2 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| AFG (ASX) Chart |