19.2.08

ALLIANCE FINANCE GROUP (AFG)

AFG share price reacted positively on the result announced. It is now riding on the momentum started from the recent low of 2.78. It closed at nicely 50% Fibonacci. If the price can penetrate 50%, and 3.10, it could re-visit its recent high of 3.30.
The short term GMMA has penetrated the long term GMMA. This uptrend might be brief due to current negative sentiment worldwide.
Here is the technical outlook.

** I've added AFG into my Technical Analysis column at the sidebar.

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