Loyiso_BlaqueSoros_Mpeta

$JSEAFT-Afrimat: Sloping Trendline To The Rescue?

JSE:AFT   AFRIMAT LIMITED
Afrimat had a strong run from March 2020 to peak at a new all time high at R76,47.
Afrimat's share price trend is not easy to breakdown using Elliott Wave analysis but good old support, resistance and trendlines might just do.
I am not a fan of sloping trendlines as support and resistance but seeing that this one has four touches makes it a good area of value to look for buying opportunities.
It's all about patience and waiting for the right signals.

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