Afrimat giving us all the classic warning signals. The
ST TL's are all clear to see. The 1st top & the
MT TL both broke, before it formed a 2nd top off the
Note the failed retest of the
MT TL (arrow), and the 200ma starting to roll over.
A break of the floor level, will confirm a stage 4 decline. Unless and until it breaks back above the
MT TL, or forms a new uptrend, I will avoid .