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Trend_Trader_JSE

African Rainbow Mineral breakout

Long
AFRICAN RAINBOW MIN LTD (JSE:ARI)  
Trend_Trader_JSE  
JSE:ARI   AFRICAN RAINBOW MIN LTD
Trend Analysis Chart Patterns Technical Indicators trendfollowing
1
0
trendanalysis chartpattern indicator trendfollowing
I would like to see ARI break above the resistance level. GOLD is currently trading above the 200EMA, hopefully that can hep push ARI prices higher. If the breakout happens, I will buy at market close, with a stop level 2*ATR from the 50EMA. No target, the trend may persist. Will close the position if price close below 50EMA.
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