ARL - Seems risk is back on for ARL (Aust largest cobalt play) sharp retrace from 92.5c 3 days ago then consolidation on reducing volume and narrowing trade ranges, also and 2 "inside days" in a row at yesterdays close ... Sharp increase in volume and price today. Does not get more "Text book" entry then that. ...
Given some time I think it will retest recent highs. My prediction is the equilibrium price will be well above 1$ give the valuation of peers. Currently trading at 71.5c
Also spot Cobalt price at new high today exit prices to continue northwards in the short to mid term
