AFRM - Might squeeze soon

٩ يونيو ٢٠٢٣

• Got sold hard yesterday into the supply zone, despite good news, but that proved to be backtest of breakout level at 16, which was held and it got yesterday's gains back.
  
• Two overhead levels to watch, first at 600DMA around 19-20. Second, is overhead supply at 22.
  
• IMO yesterday's sell-off was test of 200DMA and today's PA tells us that bulls like the price even at that level, so 23 zone is a given. what happens there and how you react might be critical.
  
• Ideal long trade was on 06/09 to buy at 16.5, but tomorrow might be another chance to add around 18. Then next stop will be 23 or 40
  
• Factors favor bulls right now. I think this will soar high, but needs pitstops along the way.
  
• Bear case: Rejection of 20 will test 16 again and then 14.