Peet_Serfontein

ARI: testing resistance

Long
JSE:ARI   AFRICAN RAINBOW MIN LTD
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.