AFRIMAT LIMITEDLong
$JSEAFT - Afrimat Ltd: Technicals Are Screaming Buy!
The last time I covered Afrimat was on October 13 when the share was still in a strong downtrend and approaching a significant trendline.
At that stage, I was neutral and called for patience and wait for the right signals, I believe we have enough signals now to go long.
The share has broken out of a falling wedge pattern, there is strong price/MACD convergence and the MACD has broken above the zero-line and is looking bullish.
buy: @ market
stop-loss: aggressive @ 4555 zac
conservative @ 4366 zac
Take profit: use own discretion
At that stage, I was neutral and called for patience and wait for the right signals, I believe we have enough signals now to go long.
The share has broken out of a falling wedge pattern, there is strong price/MACD convergence and the MACD has broken above the zero-line and is looking bullish.
buy: @ market
stop-loss: aggressive @ 4555 zac
conservative @ 4366 zac
Take profit: use own discretion
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