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Astral Foods Limited

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ARL - Head and Shoulder Pattern? 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 will flood our markets? Company results are expected to be only 17% down year and year so it should break upwards. Any clever analysts out there who can help? www.express.co.uk
JSE:ARL
by RolandBotes
Bullish Divergence on Astral foodsJSE: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 above the 200EMA as well. To target the previous resistance at around R220. Full plan - villagetrader.co.za
JSE:ARLLong
by VillageTraderZA
ARL Astral FoodsEquities | 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 line going back to the July 2018 peak of R324 has been breached while the short term overhead resistance of R170 is being tested for a potential break up. Trading Levels: Look to buy on a close above 17050c Use a stop-loss of 16320 to protect capital Take profit at or near 18600c Time Frame: Medium Term
JSE:ARLLong
by LD_Perspectives
Astral Foods Pending Re-Entry Astral Foods: Our last call on ARL (from 14350c on 28/01) saw the share make an immediate advance toward the target of 16000c. Since then, we have seen the share price test year-to-date highs of 17923c which is being followed by a short term consolidation. My next course of action is to monitor whether the price retraces to near the incline support or at least at around 16500c to 16300c, a level at which trader may want to set as a provisional buy/accumulation zone. Here, the stop-loss would be 15400c with a target of 19000c. Time Frame: Medium Term (2 - 6 months).
JSE:ARLLong
by LD_Perspectives