Affinity Gold Corp (AFYG)

[KnowProphet]

It sure is trying to reach up there and punch through, looks like today's candle sharpened his tip a little for the attack- Even the MACD has flattened out if not turned up today which is one of the things I mentioned I'd like to see in my post from last night with the annotated chart. (seen below today's chart) The +DI is also looking to cross the ADX line- another bullish indicator. Again we're lacking any major volume today, so lacking confirmation as well IMO





*Annotated Daily Chart*
3 of the last 3 trading sessions have produced what are considered bullish candles, Thursday and Friday gave us hammer candles, followed by a white Marubozu candle for today. Remember charts are just a tool, not a magic 8 ball. Bottom line is we have some resistances stacked up front of us- In light of the CC today, I believe we'll get the necessary buy volume and pressure to break through them. As those who are still shell shocked by the recent extreme volatility gain some confidence back and decide to join back in. Short trading day tomorrow. Looking forward to EOW to give me a clue as to what next week might look like. Admitedly I'll feel better when the MACD turns up too- In the second chart I displaye a couple different indicators- Money flow index turned up adn the +DI and -DI are moving away from eachother- but you can see clearly the MACD hasn't turned back up toward the signal line, let alone cross up through it. and at the top of the chart, you can also see we've a long way to go to flip the SAR to bullish- Kind of a good news bad news scenario in my mind. Good news is for longs that wish to add more, it looks like you'll have the time to do it. So bad news is it WON"T OMFG GOING TO $2.50 BY THURSDAY, $4.00 FRIDAY, $7.00 BY THE END OF NEXT WEEK!!!! OMG- Yeah stuff like that doesn't happen- Good luck.

Hammer: Reversal Pattern

Hammer is a potentially bullish pattern which occurs during a downtrend. It is named because the market is hammering out a bottom.
Recognition Criteria:
The long lower shadow is about two to three times of the real body.
Little or no upper shadow.
The real body is at the upper end of the trading range.
The color of the real body is not important.

(Confirmation is suggested.)

Marubozu

A White Marubozu is a long white body with no shadows which indicates a bullish trend. It usually becomes the first part of a bullish continuation or a bullish reversal pattern. Source*