ARI holding the support, Holding that 50d EMA quite well. Important we have a higher low.. On last weeks pull back
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...
Looking 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 : 2:1
JSE: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.
Position 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.
Remains close to its lower 2 std deviation range. Remains a low conviction trade.
The 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...
A nice ascending triangle pattern if we break through the 26000c level. A chance to add into the position
African Rainbow triggers long trade. taking out the highs
African 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 28960c
Potential bull flag in the making. If we see a rally after US election this can be a good setup to keep an eye on.
African Rainbow Minerals looking to build a bull flag.
JSE:ARI We have a nice falling wedge on African Rainbow Minerals
Update on $JSEARI, target maybe below 163
Depending on the method used to indicate resistance (de Mark or Williams, or real body closes), this is either very close to or already has given a buy trigger.
Nice bullish flag consolidation over the last month which has bumped into the trendline support which formed off the pandemic lows. RSI holding at the 50 level which is often supportive of a bullish trend . A break out of the top of the channel at R178 could see African Rainbow Minerals move to the flag target of R192- R195