Has AFI's five month up trend come to an end? #Short
AFI has been in an uptrend since August of last year, price was rejected and created a short term resistance level.
Looks like it's due for a retracement on the Daily, Weekly and Monthly with long wicks to the upside. RSI also showing overbought on the same time frames. The next support level is at $6.99, although a tight stop will be important as it is possible that it could be making a higher low.
Buy Price: $7.20
Stop Loss: $7.30
Target: $7.00
Looks like it's due for a retracement on the Daily, Weekly and Monthly with long wicks to the upside. RSI also showing overbought on the same time frames. The next support level is at $6.99, although a tight stop will be important as it is possible that it could be making a higher low.
Buy Price: $7.20
Stop Loss: $7.30
Target: $7.00