JSE:AFT Afrimat Distribution
It looks like Afrimat is being distributed. Following the Wyckoff logic, we have likely seen an upthrust of distribution (UTAD), a test to the UTAD and am now looking for the markdown in phase D. The distribution started after a throw over of the overbought line forming a buying climax (BC), automatic reaction (AR), secondary test (ST) in phase A. Some volume of the highs and divergence on the volume RSI gives some indication that this is distribution. Looking for a break of the upward stride to go short.
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