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Wiz_of_Oz
May 11, 2021 2:35 AM

An opportunity awaits Long

ARAFURA RARE EARTHS LTDASX

Description

Arafura Resources Limited is an Australian mineral exploration company focusing on rare earth elements. With it's headquarters in Perth, Western Australia it is s listed on the ASE.
The company's flagship project is the Nolans Rare Earths Project, located in Australia's Northern Territory.
After retracing down to 61.8% fib zone & testing the 0.16c level twice, price is breaking out of the wedge. A break & close above 0.21c will set it off. It pays to be patient & trade with a better signal. Trade off is slightly lower profits but a higher chance of success
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