[BULLISH]: ASF has formed a White Marubozu candlestick. This means, AFA has received strong buying confidence and upward price movement over the trading day with no upper or lower shadows present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.
[BEARISH]: ASF currently has negative rate of change of -2.9%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction
ASF has broken the first Woodie support point ($0.168) [Bearish]. Look for a short limit order entry near this point. Exit price for AFA should be set @$0.164 & short position stoploss for ASF should be set at $0.174
[BULLISH]: ASF current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.41. The bullish signal has been active for 3 days. During the quarter, the highest CMF value was 0.46
AFA: Aroon Oscillator Current Signal -> (1) 21 Feb: BEARISH (2) 20 Feb: BEARISH (3) 19 Feb: BEARISH
Australian Stock Exchange
Argo Investments managing director Jason Beddow said losses and writedowns at Bunnings' two-year-old home improvement business in the UK could dent Wesfarmers' appetite for acquisitions, especially offshore, forcing the conglomerate to focus on the low-growth Australian market.
ASF has moved below the 161.8% level ($5.07) [Bullish]. Look for a long limit order entry near this point. Exit price for AFA should be set @$5.28 & Stoploss for ASF should be set at $4.86
[BULLISH]: ASF currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0%.
[BULLISH]: ASF currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0%.
[BULLISH]: ASF current price has highlighted recent accumulation. Currently, the OBV is 328749.
[BULLISH]: ASF current price has highlighted recent buying pressure. Currently, the Elders Force Index is 8.
[BEARISH]: ASF opening price has gapped down. Currently, the OPEN is $0.165 (3.1 %).
[BULLISH]: ASF current volume uptrend in the first timeframe. Volume for AFA is30000 (50).
[BULLISH]: ASF UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 6.343.
AFA: HIGH Current Signal -> (1) 21 Feb: NEUTRAL (2) 20 Feb: NEUTRAL (3) 19 Feb: NEUTRAL
[WEAK BEARISH]: ASFbuyers are becoming less eager. This is the first day buyers have decreased eagerness for AFA reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.015 & the greatest daily price range this year has been $0.015. The price range ratio this week versus the quarterly price range is 0.7x & the price range ratio this month versus the year to date price range is 1x.
[Stong Trend]: ADX for AFA has confirmed a very strong trend is presentASF has an ATR(14) of 0.007, a DX of 47.76 & an ADX(14) of 57.06
[BULLISH]: ASF current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 0.1615.
[BULLISH]: ASFElder Ray Index is signalling a Bullish movementERI is 0.002 indicating bull power. Prices are being driven above the consensus of value for AFA during the last trading session [Buying Pressure]
[BULLISH]: ASF has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jan 8 2018.