JSE:AFH Alexander Forbes Watch for the Markup
Alexander Forbes has backed up (BU) into the previous trading range (TR) but we see that volume is very low. It looks as if there is no supply left. Priced has moved back to the yearly pivot point (red line) where it previously found supply (at R2.60, see volume profile) but this time there is no supply. Watching next week if supply comes in or if we will see the markup start in phase E of the accumulation TR that started in 2018.
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