As we approach the upper band of the channel we can start to anticipate a break . Backed by increase of volume we could see the SP break out shortly . I Will keep a close on on these shares and look for a possible entry. Aggressive traders will be looking enter now. Target 1 would be around 8.5 with target 2 around 15.
Against the backdrop of deal negotiations coming to a conclusion with AE + the breakout & subsequent backtest of copper 9 year downtrend...
I would expect this to give the impetus for LSE:ARS to break out of the c. 2 year downtrend that it finds itself in (see weekly chart).
Support levels in yellow, trend lines in white. Has recently bounced quite nicely of...
After seller exhaustion comes the bulls and I believe we are very close of a turn here which will take us to 3.64p-5.6p with right news.
I believe seller should be or is out as bulls come in.
Permit should be coming any day now after xmas holidays.
Gap to fill at 5.6-5.8p!
Medium term I can see us touching 8.48p
Long term 15p
copper price doing well as of...
It has been a long & painful timeline to say the least with ARS but I think finally we are now on a good turnaround for the company.
Bear in mind that BoD have bought shares all the way up & same as Asipac.
We have now a new partner Aeturnun Energy which has recently bought into the company.
Aeturnun Energy 19.99%
Asipac Group 8.16%
Namarong 3.93%
Tony Manini...
An amazing asset value company with newsflow
Copper & gold play.
potential financial partners in talks at moment
Several assets within Indonesia
An amazing track record BoD
8p 1st target with 15p mid-long term. 15p+ on big news.
At great value at moment & a bargain considering the assets.
I'm not 100% sure on this count its just an idea dont take it to seriously and make sure you apply proper risk management
I've dropped some of the moving averages sub divided waves and corrective wave labelling to make it easier to read
Price has closed yesterday above descending wedge and today we are rising in attempt to break the 200ma.
if we close above 200ma then not much resistance as there is no MA's above so it will be easier to move.
BFS is around the corner and could be released any day now so momentum is building.
24p is broker target which is over 100% from here.
Good luck all.
ARS is showing signs of a Bullish hammer handlestick on the daily chart. This is a reversal candle stick in a downtrend.
Asiamet is also entering oversold teritory
12/07 saw Asiamet test the 10.45 (0.236) fib area and then continue to test that resistance line for the next 5 days. There was a slight pull back on 19/07 for 3 days and then a continuation of testing that resistance line. 30/07 saw a strong break through that resistance line to finish finish above 0.236 fib as support. A break above the 0.236 will see it become...
Set up nicely on the 200MA, which is also short term 10p support line. RSI close to oversold and MACD showing positive divergence. 50% down from recent highs, fundamentals remain strong with BFS publication expected 1/2 months.
Strong resistance at 12.30 tracing back all the way to late 2017. We had a breakout of trend 05/11 but it failed at 12.30 and retraced to previous support/resitance area of 10.0 before bouncing off and making moves upwards to re-rest that 12.30 resitance area and falling short again. Price currently bouncing of 10MA
Support - 10.65
Reistance - 12.30
Looking for...
