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TOPIC: Afren(Will It, Wont It)

Afren Up 8.5% 27 Jun 2013 14:06 #1

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Closure above 132.90 gives us a possible 123 bottom breakout for Afren and after an oil find yesterday lots of broker recs about so could help to its rise.

www.screencast.com/t/V5m1TCFvb
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Afren Up 8.5% 14 Jun 2013 15:10 #2

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I have a gap down at 133.70 05/06 and I loved your pun J (somewhere in the pipeline)
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Afren Up 8.5% 14 Jun 2013 14:51 #3

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Maybe just filling gaps? The last drop was swift so no surprise the counter move is similar I suppose.

Unless there's a little leak somewhere in the pipeline...
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Afren Up 8.5% 14 Jun 2013 14:15 #4

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I know it was oversold but up 8.5% today so far and still rising this is unusual for Afren anybody any insight as why as I'm at a loss.

SRB
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Afren 14 Jun 2013 10:13 #5

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I guess you got stopped out of that trade Remo but it has bounced today quite hard so a new 123 bottom trade to keep an eye on maybe.

SRB
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Afren 11 Jun 2013 14:01 #6

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bouncing like a gud 'un :evil: :whistle:
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Afren 07 Jun 2013 11:22 #7

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This is bang on the trend line. Worth a long on a first attempt basis with tight stops.
The trend line is at 124.9. Stops below 123....From the tips section.


dl.dropboxusercontent.com/u/4899609/afre7thjune.png


Please bear in mind that the indexs may be correcting so extra risk with going long.
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Afren 04 Jun 2013 06:56 #8

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Afren(Will It, Wont It) 21 May 2013 00:18 #9

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SL moved to above B/E & its a free trade.
Inside Bar today.
image_2013-05-21-3.jpg
dyor
redchilly
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Afren(Will It, Wont It) 14 May 2013 21:59 #10

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Long @ 136
tight SL below candle on 10th of may (133)
image_2013-05-14-4.jpg
dyor
redchilly
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Afren Conflicting Signals 10 May 2013 11:37 #11

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Stochastic/MACD looking a bit toppy, bearish candles but surely I'm looking at an inverse head and shoulders and not so much a cup and handle but a mug and handle possible breakout to the upside, anybody else with a view


www.screencast.com/t/U5YAt3LJnItx
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Afren(Will It, Wont It) 02 May 2013 13:58 #12

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Thanks Remo, useful facility.
All it takes for the triumph of evil, is the silence of 'good men'
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Afren(Will It, Wont It) 02 May 2013 13:56 #13

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Jackozy wrote:
Hi S,

I've been a bit busy with other things since my hols so not been in the chat until yesterday. This market seems a bit sideways and choppy to me so I'm largely sidelined and just dipping in and out of a few trades here and there.

I forgot to note down your email add. If you want we could use a private chat room to exchange addresses again? I'll go in the chat now in case you're around.

you can use the private messaging just for that ;) ;) ;) exchanging emails ;) ;) or sending a private message to each other :cheer: :cheer:
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Afren(Will It, Wont It) 02 May 2013 12:51 #14

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Hi S,

I've been a bit busy with other things since my hols so not been in the chat until yesterday. This market seems a bit sideways and choppy to me so I'm largely sidelined and just dipping in and out of a few trades here and there.

I forgot to note down your email add. If you want we could use a private chat room to exchange addresses again? I'll go in the chat now in case you're around.
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Afren(Will It, Wont It) 02 May 2013 12:08 #15

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Was out of this myself a bit early. Followed the H&S on the 4h chart (see chart), but my target was conservative. Nice profit, but should have been more. You still in chat from time to time J? No-one there mostly when I check in. I posted my email in there a while ago would be very happy to discuss some stuff with you as it arises if you're happy using it.

screencast.com/t/B0zjDIw3zdd
All it takes for the triumph of evil, is the silence of 'good men'
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Afren(Will It, Wont It) 02 May 2013 12:06 #16

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J thanks for that, would you be as kind to look at the Lloyds thread as I put a question up there for you

Cheers

SRB
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Afren(Will It, Wont It) 02 May 2013 11:56 #17

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I've closed my long on this due to the possibility of a negative RSI divergence on the daily chart:

AFRdaily02_05_13.gif


dl.dropboxusercontent.com/u/20815047/AFRdaily02_05_13.gif

I'm fairly new to these, but in my reading and backtesting (so far) they seem pretty reliable as continuation patterns suggesting that AFR will continue its drop below that trendline. There is another, lower, trendline which sits at 104 today which is the main uptrend support.

It might be worth a short with a stop above 135.2p or just wait to see how it plays out as a paper trade.
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Afren(Will It, Wont It) 01 May 2013 08:28 #18

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forgot to mention that this was mentioned in last weeks interesting chart section ;) ;) ;)
That was the best area to go long as there were to levels of support converging together at 121(trend line) and 119(61.8fib)

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Afren(Will It, Wont It) 01 May 2013 08:14 #19

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SRB,

I think the best place to enter would have been the re-test of 126.30, being the bottom of wave (( a)) but never mind,: there's always another chance:)
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Afren(Will It, Wont It) 30 Apr 2013 10:12 #20

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Hi richard
me personally would like to see the 2 point move lower so its really clear to see.But yes it could be as the 2 point is lower than the previous days candle by 1/10th of a penny(hense why im not a fan of doing things this way)
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Afren(Will It, Wont It) 30 Apr 2013 09:31 #21

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Remo been looking for the right entry and a 123 bottom for Afren and would like to know was the one day leg down good enough to be considered as wave 2 or do we have a new wave 1 high today.


www.screencast.com/t/PwWqyQuKISo

Tight Lines

SRB
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Afren 25 Apr 2013 17:37 #22

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Looks like this is just about re-testing the 126 low and spot on the trend line and fib target zone B)
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Afren 19 Apr 2013 06:25 #23

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This is now approaching the 'sit-up and take notice' area.....



The SP is now approaching a 61.8% retrace of (( c )) of ( W ) and also the short-term trend line. If this support fails then look to the long-term trend line and the 76.4% fib at 109ish. More detail can be seen on the daily chart as under......

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Afren 15 Apr 2013 18:42 #24

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This continues on it's path toward the trend line and support around 110ish.....
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Afren(Will It, Wont It) 04 Apr 2013 07:29 #25

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Afren 03 Apr 2013 11:52 #26

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hi richard
first target im aiming for is 135 then 131 gap fill.
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Afren 03 Apr 2013 08:02 #27

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Whats your target for the short Remo as Afren has always had good support from the 200sma 134.74 as I type.

SRB
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Afren 02 Apr 2013 09:39 #28

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ive gone short with stops above previous trading days candle. ;) ;)
so my stop is above 145.2 so a 4 point stop on this one so good risk to reward. B) B)
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Afren 02 Apr 2013 09:33 #29

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Its slightly below the short term trendline so its battling with it. If it finishes below then it could signal the correction. Im favouring a correction as all the indicators are pointing down as well.
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Afren 02 Apr 2013 06:39 #30

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"None of this will be in a straight line and will be over years and months as opposed....."
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Afren 02 Apr 2013 06:25 #31

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Interesting Chart Diver, thanks, just one point for some reason Im only getting part of your written analysis and missing what was written between (No and opposed)could you just write was was missing please and does any one else have this problem with posts sometimes.
Cheers SRB
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Afren 01 Apr 2013 18:16 #32

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There could be a terrific buying opportunity coming up.......



I can see this dropping back to around 106 - 110 area before heading north again, breaking out and making at least 230. None of this will be in a straight line and will be over years and months as opposed to days but this pull-back could well be the time to get in.
All just my opinion but the next few months should tell the tale.
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Afren 19 Mar 2013 07:25 #33

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Afren has been looking strong over the last two days with a breakout of the trendline yesterday I would love a retest today at 146.25 as this would be very bullish indeed ,full year results due on monday so has someone got wind of its content.

www.screencast.com/t/JflBiqVc4p

Tight Lines

SRB
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Afren(Will It, Wont It) 25 Jan 2013 15:47 #34

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Note to myself in the diary.

Be suspicious no matter what the chart is telling you and oh for a TA indicator that could anticipate that kind of manipulation, unbeliveable. Well not really unbelievable more like seething, angry and I want to ripp somebodys XXXXXXX head off.

Tight Lines, especially around the neck of the wet behind the ears Times reporter who put out the Sinopec bid rumour.


Grh Grh Grh Grh Grh

SRB
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Afren(Will It, Wont It) 23 Jan 2013 19:14 #35

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Fibs look interesting, 38% retracement smack on re-test of breakout territory 145.76 double bubble.

www.screencast.com/t/Ao3dz3YBagnt

Tight Lines

SRB
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Afren(Will It, Wont It) 23 Jan 2013 13:04 #36

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Afren_-_daily_-_23-1-13.png



Just an alternative view to add into the mix.

Keep an eye in the resistances just above when identifying your target.
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Afren(Will It, Wont It) 23 Jan 2013 12:33 #37

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looks like an asc triangle breakout to me on the daily.. key will be the close and re-est of breakout area ~145p.

watch 161.6

should yield at least a min 40 pips to the upside.

dl.dropbox.com/u/40497882/afren_daily.JPG
Last Edit: 23 Jan 2013 12:43 by WaveSurfer.
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Afren(Will It, Wont It) 23 Jan 2013 12:24 #38

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Massive volume this morning so lets hope for a close above 145 and further upside after a re-test of the breakout area.
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Afren(Will It, Wont It) 22 Jan 2013 07:24 #39

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Good IMS yesterday from Afren and would now expect a further test of the 145 area and hopefully a breakout from the ascending triangle this time. RSI has turned positive, volumes on the increase and with Blackrock now hopefully at an end with their selling we might get there.

www.screencast.com/t/7Uu0VFlvfYb

Fibs

www.screencast.com/t/5QcgekBDE
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