Affinity Gold Corp (AFYG)

[KnowProphet]

Allow me to translate:

take a look at the weekly chart. RSI at 50+

The RSI is an indicator of Momentum and or buy pressure- levels 30 and below indicate oversold, meaning that its undervalued, and levels over 70 are usually viewed as being overbought. Meaning it's likely due to level off or have a pullback in price of some kind. Levels around this mid range are viewed by many as being neutral, you hear the expression "plenty of room to run" used in cases like this, because it can sustain price appreciation and buying pressure for a period of time before it gets into the overbought territory. The fact that this is being shown on a weekly chart means (to me) it would take a few weeks of buy pressure resulting in price appreciation to push it to the overbought levels...There are 2 different periods shown on this chart- the 6, and the 14

and the psar flips at 013.

The Parabolic Sar is used as an indicator of reversal. It's shown on the chart in the circles I added. generally speaking the SAR is above the price when it's falling, and below the price when it's rising. SAR itself stand for Stop and Reverse. What TSD is refering to when he mentions the SAR flip @ .13 is, once we hit .13 the dots on the chart will flip back to below the price, it's considered a bullish signal when the SAR flips from above to below, the opposite is true for a SAR flip from below to above. If you look back on the chart at the patterns- usually when the SAR flips from above to below, it's the beginning of an upward move, however it's considered a "lagging indicator" by technical analysts so that may not always be the case. Often the Sar flip is viewed as either a buy signal or sell signal depending on the direction of the flip.

Hit 0.13 and there will be some resistance to the old high of 0.19 but I see blue sky.

Just referring to previous highs acting as resistance.- the most recent high was .19- once we break through that level, it's considered being in Blue Skies Territory because theoretically there is no real resistance levels above that point.



Hope this helps
~KP