Wednesday, July 06, 2011

AFG- may have a bullish breakout

AFG has just broken above its overhead resistance at RM3.25. The indicators are all turning upwards. Its next resistance is its all-time high at RM3.50. Based on technical consideration, AFG could be a good trading BUY.


Chart 1: AFG's daily chart as at July 6, 2011_11.00am (Source: Quickcharts)



Chart 2: AFG's weekly chart as at July 6, 2011_11.00am (Source: Quickcharts)

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