Afren(Will It, Wont It)

Whats your target for the short Remo as Afren has always had good support from the 200sma 134.74 as I type.

SRB

hi richard
first target im aiming for is 135 then 131 gap fill.

just my take guys from Sunday

AFR

uk.advfn.com/p.php?pid=chartscreenshotsh...266Jr&symbol=L%5EGKP

pj

This continues on it's path toward the trend line and support around 110ish.....

This is now approaching the 'sit-up and take notice' area.....



The SP is now approaching a 61.8% retrace of (( c )) of ( W ) and also the short-term trend line. If this support fails then look to the long-term trend line and the 76.4% fib at 109ish. More detail can be seen on the daily chart as under......

Looks like this is just about re-testing the 126 low and spot on the trend line and fib target zone