Trade ideas
Bullish Cup and Handle setup for Arafura Rare EarthsARU is setting up beautifully with a classic cup and handle formation on the daily chart. This is a well-defined bullish continuation pattern with strong convergence across technical indicators, price action, and volume structure.
Key pattern breakdown :
- Rounded cup base formed over April–June.
- Price rallied into resistance (~0.22-0.23c AUD), forming the right side of the cup.
- Currently in a healthy pullback phase, building the handle.
Watching for support at 0.195–0.200 to hold, which aligns with:
38.2–50% Fibonacci retracement
Mid-Bollinger Band
High-volume node on the visible range volume profile
RSI remains in a bullish uptrend, now cooling off and testing trendline support.
Bullish on ARU Nice Long op here.
Price jumped up to 0.275 on news of government intervention back in March 24. Retail traders jumped in longs expecting price to surge. Institutions have then pushed the price back down to the previous low at 0.115 and stopped out all retail traders before we get the real move up.
I've jumped in around 0.125 looking for price to get back up to the first liquidity zone at 0.28. Will see how price reacts there.
Happy trading!
ARU cup and handleLooking at a cup and handle break. Already at all tight high, so hard to find a target point, but if we follow fibs, I'm looking at Target 1 of $0.69 and Target 2 of $0.86. Cup and handle target ideally would be $1.035, but that's a long bet. I look to trade until Target 1 and then freehold.
DYOR and trade at own risk.
#ARU massive spike in price following the announcementInvestors took advantage of a bargain price after shares fell 14%. support at 0.2616
thewest.com.au
Struggling to break the downtrendNo clear trend until the triangle is broken out of
Would prefer a retest of the RSI uptrend.
Price downtrend line seems to be gaining strength.
Needs to stay above 0.21 and break above 0.235
Have to mention though there was some spectacular volume on the 29th which indicates someone wants in.
$ARU- Penant BreakoutBroke out of Penant, High Risk to Reward Rati. Above 50 & 200 MA & EMA. Looking strong!
ARU might do it againall indicators point to a buy.
Sell at previous resistance, pretty good ROI potential, kinda long timeframe.
An opportunity awaits Arafura Resources Limited is an Australian mineral exploration company focusing on rare earth elements. With it's headquarters in Perth, Western Australia it is s listed on the ASE.
The company's flagship project is the Nolans Rare Earths Project, located in Australia's Northern Territory.
After retracing down to 61.8% fib zone & testing the $0.16c level twice, price is breaking out of the wedge. A break & close above $0.21c will set it off. It pays to be patient & trade with a better signal. Trade off is slightly lower profits but a higher chance of success
Long | ARAFF | OTCOTC:ARAFF
Possible Scenario: LONG
Evidence: Price action
This is my idea and could be wrong 100%
* This is swing trade
ARU Breakout double bottomARU breaking above confirmation line of double bottom and downward trend line.
Bounced of 200 day MA as well.
Will enter if it closes above 10c
ARU Long term holdover sold conditions con ARU potential bottom formation I am long term bullish if the support can hold huge upside potential on a long call.
ARU.ASX moving on volume, prepare for possible breakoutArafura resources ARU.ASX moving on volume with wild swings. Price created broadening formation.
Last fundamentals seem to be positive with extension of its rare earth mine.
Will we see breakout from the multiyear base ?
