JSE:AFH Alexander Forbes Looking for a Test of the Lows

Short

ALEXANDER FORBES GRP HLDGS (JSE:AFH)

JSE:AFH ALEXANDER FORBES GRP HLDGS

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After a trading range starting in July 2018, Alexander Forbes has been in a trading range. After an upthrust and tests forming lower lows price broke below the trading range. We have now seen a backup to the trading range and now a push lower again. We can expect the lows R2,80 to be tested again. If this is broken there could be more downside.

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