This chart forms part of a larger research note. None of the information posted here (TV) should be considered financial advice. ARI has started to retreat from the major supply zone of 18000c-19200c. The recent consolidation top has been broken with the price below the 8-day EMA. Also noticeable is the price (17232c) currently extended well above the 50-day EMA...
African Rainbow Minerals (ARI) On an intrday/ultra short term basis the most recent 3-day lows 12520-12635 appear an attractive level for traders looking for a short term 240c-280c gain. Price remains above the rising 21-day exponential moving average. We see a pullback at the open (close has been right into the 0.618% FIB).
ARI - Gap closed, on incline support, which is just above the 200-day. Has retreated from 192 to 166 in six trading sessions. Potential rebound zone. toward 17300c. SL: 16350c
Pair Trading Opportunity | Long ARI, Short SGL | On Friday 22 November we saw the daily candle close with a bullish engulfing formation. At the last close, the 200-day moving average is 70% above the current price of the ratio chart, signaling an extension well beyond the standard deviation. In addition, the 6 month performance of the two shares is startling, with...
Bearish impulse correction due, we buy to that rectangle zone
Equity CFD | African Rainbow Minerals | ARI, 14769c - Price developing bear flag at neckline of head and shoulder formation. - Re-test and failure of neckline is the preferred short trade level (aggressive) - Confirmation/break of bear flag (conservative)
A close below the R149.00 will confirm a HS breakdown on ARI. RR 1:1
ARI has closed and broken down below the R152.00 level targets around R137.00 RR: 1.6
#ARI continues to trend upwards. A good area to go long would be around 173-175. A good stop loss would be a break below TL support.
Set Limit above 185. Clear skies above.
We are expecting this pair to fall because of the H&S that has just built and we are not at the right shoulder
We might go down a little bit to complete this double top
ARI broke support - possible new trend as indicated Go LONG near NEW SUPPORT LINE.
The price for ARI is moving in an ascending channel on the weekly and daily timeframe. The share price is now at the top of the ascending channel, which represents a critical resistance level. If prices find support at the 17 000 psychological level or the inner trendline, then we can expect prices to continue further with the bullish move. However, if prices...
This still remain one of my favorite diversified mining companies. When everyone talk Iron ore, we automatically think Kumba. African Rainbow Minerals however also got a solid exposure to Iron Ore. Fundamentally the company is still sound and from a quantitative analysis basis, it still got some serious momentum behind the share price. Technically - the share...