$AFG doing exactly what you want to see.
Another test of $2 and another hold.
Closed $2.03 with a wall of prints into the auction.
Depth now basically balanced:Buyers ~216kSellers ~214k.
Higher lows forming.
$2 becoming support instead of resistance.
Stock absorbing supply every dip.
And while the chart grinds sideways, fundamentals keep improving:
- Lodgements strong.
- Securitisation growth strong.
- Morningstar says undervalued.
- Macquarie still waving the $3 flag.
Feels less like distribution and more like a base being built before the market rerates it properly.
$AFG doing exactly what you want to see.Another test of $2 and...
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