ARI– Trading at lower boundary declining channel – Minor positive divergence with 7-day RSI emerging from an oversold range – Trading at just over 2.5x it’s mean over 200-days. Buy 21120-21350c Stop-loss: 20450c Target: 22340c Current: 21329c Short term rebound ideaLongby techpers2
JSE:ARI Possible Long oppsPrice coming breaking higher from this C&H price pattern into an area of interest for buyers. Good spot for a long pos here with a decent R/R. LT trend is up. Always manage your risk.Longby AcolyteTrader0
African Rainbow Mineralafrican rainbow mineral might see a bounce from the zone to move higherLongby Sbo_Dhlamini1
@VillageTraderZA - back above 200 dayThe stock came back above the 200 day EMA for the first time in a while recently. It came back to retest the 200 day EMA on Friday. If the stock breaks R250 there’s a nice place for a R304 target with a R233 just below Friday’s low and the 200 day EMA.Longby VillageTraderZA111
@VillageTraderZA - some more pressure to come on $JSEARISome more pain to come on the platinum miner. bearish symmetrucal triangle building up for a R140 target Shortby VillageTraderZA112
ARI - 1D - In agreement with analysis done by Peet Serfontein. stock already purchased. Weekly and daily stochastics also showing heavy oversold positions.Longby AWPEARCE13
ARI: mean reversion trade?Starting to break some major resistance. MACD supports a bullish trend direction. Trend strength suggests a strong trend gaining strength. Upside price momentum supports the bullish trend. Mean reversion trade likely! Longby Peet_Serfontein3
ARI: mean reversion trade?Above 23300 supports a bullish trend direction. Upside price momentum supports the bullish trend. A price action close and below 22800 increases the likelihood of a pullback and mean reversion trade. At the lower range of the linear regression channel and the Bollinger Bands - which also supports upside price potential. ADX supports a strong trend gaining momentum. Mean reversion back to its 200-day likely. Longby Peet_Serfontein2
ARI - Possible Short positionJSE:ARI is showing some good downward momentum based on the stochastic and MACD and the EMAs which are about to cross downwards. I will wait until we get absolute confirmation from the EMAs before entering, but if it breaks lower than the low of today's candle so far, we should see a cross.Shortby RossLarterUpdated 221
African Rainbow Mineral breakoutI would like to see JSE:ARI break above the resistance level. TVC:GOLD is currently trading above the 200EMA, hopefully that can hep push JSE:ARI prices higher. If the breakout happens, I will buy at market close, with a stop level 2*ATR from the 50EMA. No target, the trend may persist. Will close the position if price close below 50EMA.Longby Trend_Trader_JSE1
Downward Momentum on ARIJSE:ARI is showing some good downward momentum with the recent downward crossing of the 3 and 15 period EMA's as well as the crossing downward of the stochastic and the MACD. If this momentum continues, we could see a possible downward move towards the support level at around 24000.Shortby RossLarter2
African rainbow Holding support and holding the 50d EMAARI holding the support, Holding that 50d EMA quite well. Important we have a higher low.. On last weeks pull backLongby VillageTraderZA1
ARI holding uptrend support African Rainbow Minerals Position Average entry: R271.10 Stop loss: R258.57 Quantity: 8 Risk: -R100.24 (- 1.38%) The stock is currently just dancing in the R265 - R 303 box. Waiting for a to break the R303 - R345 box. I’m placing a buy entry at 306.80, just above the R306.78 multi week high. With a stop loss at break even at R271.10 for now. This may change, I may move the stop loss and adjust the position size accordingly Longby VillageTraderZA1
ARI uptrend in tactLooking for entry at the base trendline for a move higher in the coming weeks. ARI has also been in a sideways range for the past 2 months. RR : 2:1Longby T2TWELL0
ARI Reversal possibilityJSE:ARI has reached a level of resistance and seems to be turning downwards for a short move. It has been confirmed by the stochastic, MACD and 3&15 EMAs. If the move happens, we might see it go down towards the 200SMA where it might find some support before either bouncing upwards or continuing downwards.Shortby RossLarter112
Now that looks goodPosition Everage Entry: R271.10 Quantity: 8 Stop loss: R258.57 Risk: -R12.53 Current Risk ZAR: -R100.24 The stock looks quiet lively currently dancing about in the R251 - R303 box. I; lookking for a break through the R303 resistance moving to the R303 - R363, at which point I will add to my position and my position and trail my stop loss behind me. Longby VillageTraderZA110
ARI: mean reversion trade?Remains close to its lower 2 std deviation range. Remains a low conviction trade.Longby Peet_Serfontein1
ARI looking Near Vertically bullish making new highsThe stock seems to be in a nearly vertical bull market. A trade that I picked up a while ago and have been adding to it. Last week the stock made a new all time high, taking out the prior all time high of 30699c it set back in July of 2008. The share has now made a 100% recovery from that high. The new high is now 30725c. I’ve decided to remove my target on this trade and I will now only exit on stop across all positions. I think the share will run even further and make even higher highs. checkout the weekly game plan here: villagetrader.co.zaLongby VillageTraderZA0
A nice Ascending triangle patternA nice ascending triangle pattern if we break through the 26000c level. A chance to add into the positionLongby VillageTraderZA0
Bull Flag trade triggering. Taking out the highsAfrican Rainbow triggers long trade. taking out the highsLongby VillageTraderZA112
Bullish flag on African Rainbow MineralsAfrican Rainbow, has been a trade I like for a while now. We have a nice full flag on the share. The flag pole is quite long as well. Protecting the price 28960cLongby VillageTraderZA2