AFFLE broke out of a cup and handle pattern and gave a retest. Price made a green candle and is back to breakout levels.Bullish signs:
Strong uptrend before this consolidation.
Recent support from 30 week EMA
Heavy volumes on buy side. Red candles are of low volumes.
Hit all time high on breakout.
One can enter entire position at break of yesterday's high.
Targets: 1500/1600/1900
Place sl below 1120
1:3 HRHRHP trade
Position size accordingly. HAPPY TRADING!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.