ASTRAL FOODS LTD

ARL JSE

TiggzzPhi

JSE-ARL: Has been stuck in a falling channel which began towards the end of May This is an intraday break and the stock needs to consolidate above 13457. I am looking for 14731 and later 16613

RolandBotes

HELP The Macd on the Daily Chart has been trending upwards but the price is trending down for weeks now. The Monthly Chart seems to indicate a monstrous Head and Shoulder pattern which spells disaster. The company is trading at a PE of 7 which is low for a poultry company. Is there a poultry disaster on the horizon? Bird Flu? Massive oversupplies of birds which...

StuartPeter

Aiming for a continuation of the downwards trend

VillageTraderZA

JSE:ARL The share has been trending down and the 200 week EMA seems to have held well as resistance. With a couple of fake breakout above the 200 week EMA. We have a bullish divergence with the price making lower lows but the MACD making higher lows. I will now wait for the break through the resistance level of R166 and close above R170 (3%) Potentially closing...

Trader-Dan

- The share has been sold off hard together with other markets - Price is back to a level of interest , trendline support going back to 2014 - Looking for price action to give clues of support and a possible reversal -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

TiggzzPhi

JSE:ARL - NL 15101 and TP 17461

jhwolmarans

ARL broke down of a symmetrical triangle. The price did bounce but formed a bear flag. Target of triangle R117.50

TiggzzPhi

JSE:ARL - H&S confirmed after breaking NL (13803) A first positive signal was a break above the falling trend line (13652) If this plays through, TP 14600 Caution: RSI (14hrs) is close to overbought at 70

Trad3r_16

Astral trading near the bottom of this parallel channel. Look for a reversal at these levels as a possible trade to go long.

Lifesong

See trade summary on chart

RobbyP

Astral held support nicely and looks to be bouncing. RSI nice and strong, I reckon we could get the move to top line resistance at roughly 178.00.

TraderPetri

Bull flag setup, strong outperformer, strong bullish momentum.

SteynTrade

With strength in the background, we were looking for the bounce of the yearly pivot point in the previous post (see below). Now there has been another spring to the 200SMA. A good reversal bar with some volume could indicate the markup is now ready to go.

SteynTrade

After a downtrend and selling climax (SC) Astral Food has been in a trading range for most of 2019. This looks like an accumulation trading range. There has been signs of strength (SOS) with an upthrust in May and markup in Phase D in November/December. After a backup (BU) on decreasing volume back to the yearly pivot point some volume is pushing price up. This...

PJVN

Astral Foods building some momentum post the annual results. A test of the intra-day high of R205.35 made on the 5th of September could be on the cards. The share is now trading above its 200-day MA.

Lester_Davids

Equities | ARL Astral Foods Medium term trade idea with the following technical drivers: - Price is above 8/21/50 exponential moving averages which are also starting to turn higher. - The RSI has breached it's overhead resistance, while having retested the breakout level. At present, the indicator remains in the bull zone with a 64 print. - The downward trend...

PJVN

Currently, trading @ R165.49 – The 50-day moving average @ R163.56 could provide some support. A push higher and a test of the 200-day MA @ R177.68 is possible. Horizontal support around R143. Horizontal resistance around R195.

Lester_Davids

Astral Foods (Last close: 16070c) Buy on a close above 16300c Stop-loss: 15650c Take Profit Target: 17800c Key Technical Drivers: RSI and Money Flow breakout