Australian Foundation

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Australian Foundation: Pivot Point ($6.243)

Australian Foundation has broken the first support point ($6.173) [Bearish]. Look for a short limit order entry near this point. Exit price for AFI should be set @$6.173 & short position stoploss for Australian Foundation should be set between $6.313 & $6.336

Australian Foundation: Sellers were in control all day.

[BEARISH STRONG]: Australian Foundation opened in the upper part of daily range at 71.4% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 1 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 6.3%.

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