Afren(Will It, Wont It)

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

Massive volume this morning so lets hope for a close above 145 and further upside after a re-test of the breakout area.

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