Sure_Trading

ARI - Possible Short position

Short
JSE:ARI   AFRICAN RAINBOW MIN LTD
JSE:ARI is showing some good downward momentum based on the stochastic and MACD and the EMAs which are about to cross downwards. I will wait until we get absolute confirmation from the EMAs before entering, but if it breaks lower than the low of today's candle so far, we should see a cross.
Trade closed: target reached
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Comments

I can agree to a large extent, after announcing R20 per share for dividends. They’ll bleed for a while. This is insane but we live in a simulation.
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Sure_Trading nhlakaniphozuma
@nhlakaniphozuma, Yeah! Strange times we are living in. BUt this trade worked out nicely for us. Anticipating a bounce off of support now, but let's see...
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