Looking at a cup and handle break. Already at all tight high, so hard to find a target point, but if we follow fibs, I'm looking at Target 1 of $0.69 and Target 2 of $0.86. Cup and handle target ideally would be $1.035, but that's a long bet. I look to trade until Target 1 and then freehold. DYOR and trade at own risk.
Investors took advantage of a bargain price after shares fell 14%. support at 0.2616 thewest.com.au
No clear trend until the triangle is broken out of Would prefer a retest of the RSI uptrend. Price downtrend line seems to be gaining strength. Needs to stay above 0.21 and break above 0.235 Have to mention though there was some spectacular volume on the 29th which indicates someone wants in.
Broke out of Penant, High Risk to Reward Rati. Above 50 & 200 MA & EMA. Looking strong!
all indicators point to a buy. Sell at previous resistance, pretty good ROI potential, kinda long timeframe.
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,...
OTC:ARAFF Possible Scenario: LONG Evidence: Price action This is my idea and could be wrong 100% * This is swing trade
ARU breaking above confirmation line of double bottom and downward trend line. Bounced of 200 day MA as well. Will enter if it closes above 10c
With strength in the background
over sold conditions con ARU potential bottom formation I am long term bullish if the support can hold huge upside potential on a long call.
Arafura resources ARU.ASX moving on volume with wild swings. Price created broadening formation. Last fundamentals seem to be positive with extension of its rare earth mine. Will we see breakout from the multiyear base ?