Continuation Wedge A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
AFZ trade ideas
African Oil AOIFFTechnically we have a break out new high and higher volume. This will take the stock to $2.00 But the stock is grossly undervalued and in 2022 we are looking for $6.
Oil is a commodity that is price controlled and AOIFF was selling it at $55 per barrel and making a profit. With oil now selling at $80 the company will increase price to $65 per barrel. The book value of this company is $2.33 selling at $1.73.