AFG needs to get over $3.15 and if it can there are potential targets of $3.75 and $3.95 based on that break above resistance backed up by a break from a pennant pattern (blue dashed lines show boundary). Elliott Wave is unclear to me but probably rising into a Wave 5 - which also supports price making some new highs. A bit volatile at times but seems to trend well once it gets going.

One to watch?

Coming from a life-long involvement in the finance industry I can't help but think with the economic damage done by Covid there will have to be many more borrowers running to brokers doors seeking a solution to debt issues.

AFG 31Aug21


Robert Norman

Phone: 0428 346 951

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