See link below for the long-term view.
Looking at price action from 14662:
The advance to 20300 is a leading diagonal for wave 1.
The correction to 15503 is a zig zag for wave 2.
The stock is now in the early stages of wave 3 which can only be a five wave impulse.
Waves {i to v} in green give the idealized road map for wave 3.
15503 is the secondary...
This is the first time of ARM.
The big picture is one of very volatile swings in price as can be seen by the points and percentage changes in price when the stock is in bear mode.
2005 to 2008 was a great bull market where all one had to do was buy and hold.
2008 to 2016 was a big bear market that unfolded in a three wave zig zag pattern.
The advance from 2016...
African Rainbow Minerals (ARI), under the leadership of Patrice Motsepe, stands as a notable diversified mining company in South Africa, with operations spanning across a wide range of minerals including platinum group metals (PGM), iron ore, manganese, chrome, coal, copper, and a strategic ownership stake in Harmony Gold. The potential involvement in the...
African Rainbow Minerals (ARI), under the leadership of Patrice Motsepe, is a diversified mining company with interests spanning across a wide range of minerals including platinum group metals (PGM), iron ore, manganese, chrome, coal, and copper. Additionally, it holds a significant stake of 12.2% in Harmony Gold. The speculation around a possible acquisition,...
I hate to be the bearer of bad news but if we close below R169.00 on a closing basis I think African Rainbow could well trade much lower to a target of approximately R136.00. Not only is it currently losing a very important level of uptrend support but the R169.00 level has been an important pivot of resistance and support previously. Although the Head & Shoulder...
African Rainbow Minerals Ltd (ARI)
1.Price Formation: The price is posing to break out from an inverted H&S price formation on a daily chart.
2.Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating bullish momentum.
3.200-day Moving Average is below the Price.
4.Thus, Mas 7>21>200
5.Relative Strength Index...
A price action below 15500 suports a bearish trend direction.
Increase short exposure for a break below 14900.
The target price is set at 13500.
The stop-loss price is set at 16600.
Remains below its 200-day simple moving average as well as its 23.6% Fibonacci retracement level.
Remains a risky trade.
A price action above 16000 supports a bullish trend direction.
Crossing above 16800 will further confirm the bullish bias.
The target price is set at 17900.
The stop-loss price is set at 15000.
Testing major resistance. A break above this level might change the trend to a stronger bullish one.
Remains a risky trade.
African Rainbow Minerals (ARI) is a diversified mining company controlled by Patrice Motsepe, involved in a variety of mining ventures. Its interests include platinum group metals (PGM), iron ore, manganese, chrome, coal and copper. It also owns 12,2% of Harmony Gold. There has been some speculation about a possible acquisition. One possibility is an involvement...
This is my Technical Analysis on African Rainbow Minerals. ARI.ZA.JHB
So anyone can do a Chart based on history. But based on that HISTORY we all can Learn to see key POINT's where there where possible clues as to how we should've considered our Trades / Investments. {Grammar here Graham?}
The Chart I've shown is trying to predict {Impossible} entry points for...
ARI had a bit of a fakeout at the top of the range when it briefly breached 307, but has now pulled back nicely to proven area of support, 220 - 222 area. Stop loss is a close below both horizontal and TL lines.
ARI has been trading in a larger range (220 - 307) for a while now and once again we see it close to the bottom of the range. Current price area offers both horizontal and TL support which makes it a good level to risk a long position.
African Rainbow Minerals has been moving nicely in the downtrend.
It was only a few points away from the take profit, before the price turned up.
It's safe to move the stop loss above the trend line now as this will signal a change in trend to the upside.
This way, we can look for longs if the break occurs.
African Rainbow Minerals relative to JSE Top 40 Index (Weekly Chart). Noticed the multi-year incline being breached/at risk.
Lower panel. Ratio distance vs 200-w SMA contracting, signaling potential loss of LT momentum.
For more research insights (including trade ideas) get in touch today.
African Rainbow was rejected at the top of the range (307) once again after a small fake-out. Ideally, would like to see it pull back to around the preferred buy zone (220-225 range)
I don't know if such a pattern exists but I call it a Reverse Cup & Handle.
This is where the Handle (small rounding top) is on the left side of the cup (Big rounding top).
Now that the price has broken below, we can expect supply side to bring the price down.
21>7>200 - Bearish
RSI<50
Target R219.52
ABOUT ARI
African Rainbow Minerals (ARM) is a South...
JSE:ARI is showing all of the signs for a possible short position based on our momentum strategy. If it continues downward, the trade will be triggered and we will be looking at a target around the 250 level.
