AFYG Daily Chart ~ Reset Almost Ready?
AFYG simply moved too much in one day two weeks ago. The subsequent decline found support above the previous high of .065 that was set in late August. As the pennant began trading more narrowly this last week, most of the indicators have reset from very overbought conditions and began curling up again. Friday's news of the OTC lifting the CE and upgrading AFYG to Limited Pink was welcomed by shareholders with a gain of 32.22%. The next levels of resistance are the one day price price highs of the decline as you can see on the chart below. Obviously, a move and close above .19 would take the stock to new highs. There's a lot of chatter about imminent and very strong news, so let's see how the stock trades this week. Friends and I are holding positions from .07 to as high as .105. Lots of talk of AFYG's mineralization possibly taking the stock price to much higher levels once management begins announcing the news. GLTA
AFYG simply moved too much in one day two weeks ago. The subsequent decline found support above the previous high of .065 that was set in late August. As the pennant began trading more narrowly this last week, most of the indicators have reset from very overbought conditions and began curling up again. Friday's news of the OTC lifting the CE and upgrading AFYG to Limited Pink was welcomed by shareholders with a gain of 32.22%. The next levels of resistance are the one day price price highs of the decline as you can see on the chart below. Obviously, a move and close above .19 would take the stock to new highs. There's a lot of chatter about imminent and very strong news, so let's see how the stock trades this week. Friends and I are holding positions from .07 to as high as .105. Lots of talk of AFYG's mineralization possibly taking the stock price to much higher levels once management begins announcing the news. GLTA
