Afren

dl.dropboxusercontent.com/u/7238706/Afre...LC%20%28mar28%29.png

Well, with reference to my last post back in Feb this certainly turned out to be an ABC, and has retraced to the target area between 50 and 61.8% of the move up from 118.15. It looks like it either has, or is, completing a zig zag. I did expect it to get as low as 134.80, but there is a possibility it completed with the low to 138.90. A little patience may be called for to see what develops or go long with a stop below 131.10 for the brave.

The forecasted top for the next move up should ultimately make 185 but not directly: there will be some dips along the way as per usual. DYOR.

dl.dropboxusercontent.com/u/7238706/AFRENdaily.png

SRB,
There are two possibilities here - aren't there always eh - it's all on the chart. The next few days will tell us more but basically, if it goes like a rocket, then it's an impulsive swing, but if it stumbles around the 123% then it's an ABC and we can expect more consolidation before further rises. Let's hope for the former

Diver

Diver

Afren closed 0.2p above the trigger level so an interesting couple of days hopefully. I have 165.90 as the 123 low target and where along side is the 76% fib retracement at 164.59 ( 03/01/14 High 04/02/14 Low )


www.screencast.com/t/qrOAZZlCA2

Yep, I think all fib roads point to somewhere between 185 and 200 by late summer... but 160 looks imminent... thnx for the heads-up
dl.dropboxusercontent.com/u/7238706/AFRENdaily.png

Heads Up

Triangle breakout with a 123 low on the cards so one for the watch list possibly.


www.screencast.com/t/2thMnG8NM


Tight Lines