A bullish candle suggests follow-through momentum likely ahead. After
rallying to a high of RM3.18 in Apr 2010, the share price of AFG encountered a
correction to a low of RM2.63 in May. It launched a technical rebound in Jun to a high of RM3.05 but settled sideways near RM2.95 for more than a month. Only in Aug, the stock regained its upward momentum and ended yesterday at RM3.04 after testing a high of RM3.07. It recorded a bullish candle to suggest follow-through buying momentum likely in the near term.
Mandarin Version : Market Technical Reading : Foresee Upside To 1,390 And 1,400… - 19/08/2010
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