9Mo·

Greetings to all chart technicians $AFX (-0,74 %)
currently in an uptrend since last Friday but fails at the important mark below 63€

I am actually a fundi for me the share is currently undervalued anyway and will rise again in the long term. How do you see it at the moment? Are these important signs of a short-term recovery that speak in favor of a BUY? Or are they just the usual price fluctuations and we have not yet overcome the lows?

As I see it, as an absolute layman, we are in a corridor between around €55 and €65. We can't fall below €55 so that we don't go any further downhill and from €65 it's exciting that the way up is clear. Is that more or less correct?

14 Commentaires

mco@mco

9Mo

I have a similar view, but as long as we don't get above € 68 on a sustained basis, I think the share is still clearly in a medium and long-term downtrend.

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Soprano@Soprano

9Mo

@mco Let's hope that we break this mark soon

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mco@mco

9Mo

@Soprano Hmm now still a small resistance at 69, but then there would be room to the upside ;)

But somehow it just seems to be based on "China hope"? I don't really trust it yet...

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Soprano@Soprano

9Mo

@mco Jo we are almost at 71, I think the cow is slowly rolling off the ice :) I don't think there has to be any particularly good news for the share price to rise, but the share was simply oversold and is now settling at a fair value of around €80-85.

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mco@mco

9Mo

@Soprano and now a perfect retest of the breakout level? ;) (bullish)

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Soprano@Soprano

9Mo

@mco So not a bad sign you say?

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mco@mco

9Mo

Yes, exactly, as long as it doesn't fall below 67 again

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Soprano@Soprano

9Mo

@mco Joar, so the train backfired today

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ZeissJessy@ZeissJessy

9Mo

Fundi: A person who has extensive skills or knowledge in a particular field.
So yours would be @Soprano

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Kevin E.@KevinE

9Mo

@ZeissJessy I'm pretty sure that your made-up interpretation completely misses his definition.

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ZeissJessy@ZeissJessy

9Mo

@KevinE 😂 If you are able to google, the result of the Fundi abbreviation is there. I didn't know it either.

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Kevin E.@KevinE

9Mo

@ZeissJessy No, I'm sorry. Since Googling is only taught at McKinsey, I'm afraid I can't do that.

On the other hand, I get the feeling that you don't seem to be familiar with the possibility that words can have different meanings. Especially in view of the source text, I think it's even pretty clear what he means by that.

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Soprano@Soprano

9Mo

@ZeissJessy So when I search for Fundi, something comes up about left-wing extremist fundamentalists.

In the context of an investment platform, of course, I mean fundamental analyst. In other words, someone who makes decisions on the basis of operating figures and the balance sheet, as opposed to chart technology or the price targets of market analysts.

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ZeissJessy@ZeissJessy

9Mo

@Soprano Thank you for the clarification. Regarding your analysis, falling daily candles, moving averages above the price - no trade.

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