$JSEAFT - Afrimat: Creeping Towards All Time Highs
See link below for previous analysis.
The leading diagonal outlook has not changed, the fifth wave seems to have extended and travelled beyond the upper trendline creating an overshoot.
An alternative; instead of being a leading diagonal, this pattern could be an ending diagonal which would call for a steep decline in price at the completion of wave 5.
I am neutral at this juncture.
The leading diagonal outlook has not changed, the fifth wave seems to have extended and travelled beyond the upper trendline creating an overshoot.
An alternative; instead of being a leading diagonal, this pattern could be an ending diagonal which would call for a steep decline in price at the completion of wave 5.
I am neutral at this juncture.
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