AFI is under pressure and ready to drop like a stone

Potential Sell Alert

 

AFI – Australian Foundation Investment Company Limited

Stock : AFI – Australian Foundation Investment Company Limited

Current Price : 5.78

Status : On watch for sell entry setup

AFI is looking weak and sellers are soaking up any buying coming into the market. We are now watching for the 5.80 zone to hold price down and for 5.73 to come under pressure for the sell setup entry. Price is well extended to the upside so the price action may really start to heat up.