Afren(Will It, Wont It)

Afren has been looking strong over the last two days with a breakout of the trendline yesterday I would love a retest today at 146.25 as this would be very bullish indeed ,full year results due on monday so has someone got wind of its content.

www.screencast.com/t/JflBiqVc4p

Tight Lines

SRB

There could be a terrific buying opportunity coming up.......



I can see this dropping back to around 106 - 110 area before heading north again, breaking out and making at least 230. None of this will be in a straight line and will be over years and months as opposed to days but this pull-back could well be the time to get in.
All just my opinion but the next few months should tell the tale.

Interesting Chart Diver, thanks, just one point for some reason Im only getting part of your written analysis and missing what was written between (No and opposed)could you just write was was missing please and does any one else have this problem with posts sometimes.
Cheers SRB

"None of this will be in a straight line and will be over years and months as opposed....."

Its slightly below the short term trendline so its battling with it. If it finishes below then it could signal the correction. Im favouring a correction as all the indicators are pointing down as well.

ive gone short with stops above previous trading days candle.
so my stop is above 145.2 so a 4 point stop on this one so good risk to reward.