$AFRM
Added 2024-05-20 14:13:37 +0000 UTCGetting very tight here now for $AFRM
The 50 Day MA and the 200 Day MA are squeezing the price action into a very tight position, the price action can not stay in this position when it happens, I see an explosive move happening.
Our count is showing that it is higher for Wave 5 but this sector continues to be under pressure, so it is a tough one to call
Losing the 200 Day MA will not be a good sign but breaking above the 50 Day MA and this can fly.
I won't be playing this set up
Comments
Looking weak. Last line of defense is that .618 FIB
Brian
2024-05-28 15:03:37 +0000 UTCCaptain, I really appreciate the frequency of updates for this name, I have a position so Iβm watching very closely π
Andrew Hopper
2024-05-20 14:17:03 +0000 UTC
