AFT — Trading Ideas on TradingView

AFT Pharma Trading at Support Level BUY OPPORTUNITY NOW This is a simple support & resistance analysis of this stocks current price level. The stock is at a price level which can be said as a good established support level, the last time the stock was here it was almost 3 months ago and it made good gains after touching this level. If anyone beleives there are other reasons for why this stock will continue to fall below support, please comment ASAP! Im going long on this one now...

JSE:AFT Afrimat Distribution It looks like Afrimat is being distributed. Following the Wyckoff logic, we have likely seen an upthrust of distribution (UTAD), a test to the UTAD and am now looking for the markdown in phase D. The distribution started after a throw over of the overbought line forming a buying climax (BC), automatic reaction (AR), secondary test (ST) in phase A. Some volume of the highs and divergence on the volume RSI gives some indication that this is distribution. Looking for a break of the upward stride to go short.

Blue Sky Breakout | Bearish Divergence | Return to Trend line !Hello Traders, Today’s chart worth taking a look at will be AFTERPAY which is in a strong bull market respecting its trend line and is currently in blue sky breakout mode. A return to its trend line will post a good opportunity to long this instrument! Points to consider, - Bullish trend on all time frames - Major support at .618 Fibonacci Level - Blue Sky Breakout - Stochastics projecting downwards - RSI respecting downwards trend - EMA’s supporting price - Strong volume - VPVR showing high levels of transactions APT’s market structure is very strong with consecutive higher highs in place, price continues to respect its well establish trend line... A retest of this trend line is highly probable as the chart shows us that we have a potential bearish divergence forming where price makes consecutive higher highs whilst the RSI makes consecutive lower highs. Major areas to keep an eye on will be the .618 Fibonacci Level and the green highlighted area on the trend line, Price is more probable to test the trend line before a continuation. However if price fails and breaks down, then a retracement to the .618 Fibonacci will be highly probable before a continuation up. The RSI is diverging from price (Bearish Divergence), common when we see buyers running out of steam, last time this happened, price returned to trend line before another leg up. The Stochastics is currently projecting downwards momentum; we still have room for further downside if this bearish divergence was to play out. EMA’s are currently supporting price, if buyers are able to hold this area then the divergence will be negated and a continuation of the breakout will be more probable. We have strong volume although slightly declining and an increase in bear volume is currently in fruition. The VPVR shows a consistent level of high transactions, this tells us that there are many buyers and sellers looking at AFT at current given time. The probability of AFT correcting from current level is quite high if this bearish divergence comes to fruition. A good entry point will be on the trend line, however if it breaks, then the whole market structure will be negated… we then need to watch the .618 Fibonacci Level… What are your thoughts on AFT? Will this bearish divergence come to fruition and give us an opportunity to enter on this bull trend? Please leave a like and comment And remember,