Has AFI's five month up trend come to an end? #Short
AFI 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 $6.99, although a tight stop will be important as it is possible that it could be making a higher low.
Buy Price: $7.20
Stop Loss: $7.30
Target: $7.00
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 $6.99, although a tight stop will be important as it is possible that it could be making a higher low.
Buy Price: $7.20
Stop Loss: $7.30
Target: $7.00
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.