AcolyteTrader

Cautious long on AFE

Long
JSE:AFE   AECI LIMITED
There is a IHS price pattern setup in this stock. A cautioning factor, - a hammer candle and the volumes supporting the breakout are low indicates it could be a "fakeout" so price action has to be closely monitored if initiating a long. Price has previously dropped off sharply after testing the 11100 level. As always manage your risk.

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