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AUSTRALIAN FINANCE GROUP LTDAUSTRALIAN FINANCE GROUP LTDAUSTRALIAN FINANCE GROUP LTD

AUSTRALIAN FINANCE GROUP LTD

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AFG trade ideas

Nice Trade Setup on AFG - 3:1 Risk RewardSetup pretty much speaks for itself but the trade idea is from a technical standing- price has come back into an area of value (Trendline Support) and we have an entry signal from today's daily close printing a bullish engulfing candle, for me this is a valid place to go long at the next session open. This setup provides us with a 3:1 risk reward ratio which makes it an attractive place to go long in my opinion. My trade plan for this one will be to go long on the next candle open, with a take partial profit at 2.80 (into minor resistance) at which point I will then move my stop loss to breakeven and aim for the next take profit level at 3.10. Not meant to be financial advice, do your own research, just my opinion of a good trade setup.
ASX:AFGLong
by UnknownUnicorn7074116
$AFG:ASX - AUSTRALIAN FINANCE GROUP - Popped resistance areaVolume indicators are a bit weak for my liking, but it has been having a good run (up almost 100% over 6 months) and if it is up Monday it could be worth a closer watch. Australian Finance Group Limited (AFG) is a mortgage broking company. The Company's principal activities are mortgage origination and management of home loans and commercial loans, and distribution of own branded home loan products, be they funded through traditional mortgage management products, while label or its residential mortgage backed securities program. Its segments include AFG Wholesale Mortgage Broking, AFG Home Loans and Other. The AFG Wholesale Mortgage Broking segment includes operating activities in which the Company acts as a wholesale mortgage broker that provides its broker members with administrative and infrastructure support, as well as access to a panel of lenders. The AFG Home Loans segment offers its branded mortgage products. It offers commercial finance, insurance products, and AFG-branded and securitized products. Its subsidiaries include Australian Finance Group (Commercial) Pty Ltd and Australian Finance Group Securities Pty Ltd, among others.
ASX:AFGLong
by zAngus
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