Compare with Aventine Resources Limited
IPO details
Details
ISIN
AU0000472003
FIGI
BBG022QJ07Q9
Identifiers
ISIN AU0000472003
ARE Argonaut Resources (asx)I believe we have seen a bottom in this stock. there is a large upside potential for this penny stock. after checking the rise today, I see that on volume-money flow we are at the highest level since 1999, divergence on rsi and macd have been present for some time and we see now they are rising well
ARE 4h long momentumARE has held 2.5 on another large test of supply, I am confident 2.5 is now support. It has also tucked into and held the 10ma on the 4h with some positive divergence on the short term stoch and some turning up on the longer stoch and MACD. Some volume follow through into 2.8 as well.
Needs to pass
ARE 4h momentumARE recently violated some important moving averages it has held well since it broke away from 0.008. That being said it has held 0.025 on lowering volume followed by a weak bounce into resistance 0.028. I feel it needs more time to reset and show more support at these levels before more supply brea
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