Afren has busted out of 156/7 horizontal and DT resistance area and successfully back tested this area, that breakout alone suggests further upside to eventual new highs, however, it needs to break n hold abv 172 1st, although approaching resistance maybe worth watching 161 & 157 to buy on any weakness should AFR pullback from current levels, a breakdown of this then potential long term uptrend may come into play for a good buying opp.

Afren long term trend is up.



dl.dropboxusercontent.com/u/40497882/Afren_Weekly.JPG

all imho.

WS

Approaching its highs, worth a short maybe?

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

This should be worth a long to 152 IMO; stop 140. DYOR

Nice fall after results on this one, but further to go IMO.

uk.advfn.com/p.php?pid=chartscreenshotsh...tHP+ItvGT4MV0EBkbjU=

Lot's going on with the chart. Short term pseudo triple top with neckline broken today, bearish divergence on both MACD and RSI, initial support found at MA200 for a possible suckers bounce.

Chart is extremely bearish IMO. Next likely support is 133 being 50% retrace of 119.4 move and horizontal support from the high of 18/6.

Below that is an open gap between 122.9 and 127.6, I don't think that this is a breakaway gap so it will want to fill.

In summary, expect this to fall further with pauses at 133, 127.6 and ripe for a good entry in 123/4 area.