ARB Corp Ltd has just recorded 5 relative consecutive down weeks vs the All Ordinaries Index . Following this weakness, the 12-week forward interval usually provided a positive outcome. ARB is trading approx. 30% below the average target price of analysts surveyed by Refinitiv. Disclaimer: This data is not financial advice. Past performance is not a guide to...
ARB rode the wave of Covid19 induced de-urbanisation and holidays within Australia for 2 years. Has the omnicron induced latest panic popped that bubble? idk either. will see where the next few weeks take us.
Text me if you have any questions/comments for me. ----- ARB - Previous analysis was done on 15 Oct (red arrow) - Suggested waiting for retracement and successful rebound before plotting entry - Since then, the stock retraced back to the support zone at $46-48 levels and have successfully rebounded - Today’s gap up and above average volume is a very good sign...
Text me if you have any questions/comments for me. ----- ARB - Previous analysis was done on 8 Oct - Suggested waiting for a successful breakout of counter-trendline before plotting half entry - Since then, the stock has successfully broken out with above average volume - If missed out on the recommended entry, current stock price is far from the short-terms...
Text me if you have any questions/comments for me. ----- ARB - Previous analysis was done on 8 Sep - Suggested waiting for a successful rebound - Since then, the stock has been sideways and looks trapped in No Man’s Land (blue highlighted zone) - $48 levels used to be a resistance level (red arrow) and that resistance still holds (blue arrows) - Stock keeps...
ARB - Previous analysis was done on 2 Sep - Suggested waiting for a successful rebound to around 54 levels - After slowly retracing to the short-term support, today’s price action is the first sign of a technical rebound - From a technical perspective, a successful rebound would be around 54 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting...
Entry: 48.23 Stop loss: 47.29 Went long after it broke out of its recent consolidation with high volume. Supported by the SMAs which are trending orderly.
ENTRY: 48.13 SL: 46.50 TP: 51.10 - ADX>20 - RSI<50,RSI<70 - Daily RS +ve - Daily FFI +ve - Daily MACD +ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD +ve - MAs are aligned. - Breakout of down trendline on 15 Jul 2021 with good volume. - Retraced on lower volume to 50% Fib. level before buyers coming back in on 28 Jul 2021. - Breakout of ATH on 11 Aug 2021 with...
Setup: Short lower high Catalyst (If any): Economic data slowing Risk: $30 Reason for SL location: above recent peak. A break above would disprove technicals Profit targets: T1 = $40.30 (Recent support/old resistance and 3 X R) T2 = $39 Key Volume Profile level Other comments: ARB is up 330% from the Covid lows. The reflation trade seems to have run it's course...
H & S pattern looks to be forming in ARB. From a technical point of view, high probability we see the stock turn bearish in the medium term. I do expect some possible short term strength, however, keep your stop losses fairly tight.
Another pattern trade. There is a possible longer 15% swing, but based on todays rally, it might be reversing and going for the shorter 10% swing. Check for confirmation of course, but could be worth a watch... again I'd probably use a bracket order. ARB Corp. Ltd. designs, manufactures, distributes and sells of motor vehicle accessories and light metal...
I'm looking for a unequivocal signal breakout candle to the upside before entry. The price could head lower to test support before moving to the upside. Buy $20.10 Stop $19.52 First profit $21.53 second $23.37 Sector: Consumer Durables Industry: Automotive Aftermarket ARB Corp. Ltd. designs, manufactures, distributes and sells of motor vehicle accessories and...