Set-up is there for one more move up in AFKS
Russian large Investment company AFK Systems has nice technical potential for at least one more bullish leg up towards 19-21 region.
Price could have ended its correction started in Aug'23 and could be forming the bottom of the new cup. In order to confirm this scenario, we need price to first hold its Sep's low at 16.60 and move decisively above its 50D MA, breaking out above 17.80 low cheat pivot.
Not positioned in this name as for now, but will be looking to start entering if price moves closer to 17.80, consolidates for a day or two and breaks out above highs of 9th Oct.
Price could have ended its correction started in Aug'23 and could be forming the bottom of the new cup. In order to confirm this scenario, we need price to first hold its Sep's low at 16.60 and move decisively above its 50D MA, breaking out above 17.80 low cheat pivot.
Not positioned in this name as for now, but will be looking to start entering if price moves closer to 17.80, consolidates for a day or two and breaks out above highs of 9th Oct.
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