$JSEAFT-Afrimat: Sloping Trendline To The Rescue?
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.
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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