AFKS Swing 1H Long Conservative CounterTrend TradeConservative CounterTrend Trade
+ long balance
+ 1/2 correction
+ volumed ICE level
+ support level
+ biggest volume 2Sp-
+ weak test
- above first bullish bar close entry
Calculated affordable stop limit
1 to 2 R/R take profit
Daily Context
"- short impulse
+ volumed TE / T1 level
+ volumed manipulation
+ support level"
Monthly Context
"- short impulse
+ biggest volume T1 level
- below 1/2 correction
+ support level
- one bar reversal?!"
Yearly Context
"- short impulse
- neutral zone"
AFKS
AFKS 5M Daytrade Aggressive CounterTrend TradeAggressive CounterTrend Trade
- short impulse
+ extra volume T1
+ weak approach
+ volumed 2Sp+
+ weak test
+ first buying bar close entry
Calculated affordable stop limit
1 to 2 R/R take profit
1H CounterTrend
"- short impulse
+ biggest volume T1
+ support level
+ biggest volume maniulation
- one bar reversal"
1D Trend
"+ long impulse
+ 1/2 weak correction
+ SOS level
+ support level
+ reverse volume distribution
+ volumed manipulation"
1M Trend
"+ long impulse
- below 1/2 correction
+ expanding T2 level
+ support level
+ support level
+ volumed manipulation"
1Y Countertrend
"- short impulse
- neutral zone"
AFKS 1D Long Investment Conservative Trend TradeConservative Trend Trade
+ long balance
+ 1/2 correction
+ ICE level
+ support level
+ biggest volume 2Sp+
- above the manipulation level entry point
Calculated affordable virtual stop loss
1 to 2 R/R (less for missed entry)
Monthly Trend Trade
"+ long impulse
+ 1/2 correction
+ T2 level
+ support level
+ volumed manipulation"
I will double up if it gives me a better entry on hourly.
Set-up is there for one more move up in AFKS Russian large Investment company AFK Systems has nice technical potential for at least one more bullish leg up towards 19-21 region.
Price could have ended its correction started in Aug'23 and could be forming the bottom of the new cup. In order to confirm this scenario, we need price to first hold its Sep's low at 16.60 and move decisively above its 50D MA, breaking out above 17.80 low cheat pivot.
Not positioned in this name as for now, but will be looking to start entering if price moves closer to 17.80, consolidates for a day or two and breaks out above highs of 9th Oct.