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Ibza

2,664 Posts.

154

18/03/24

13:00

Post #: 72940082
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Originally posted by Ibza: ↑

@Kangagirl
I saw ARU stopping just after the 38.2% Fib retracement which takes the share price to 22.5c, so I bought at 23c. Today's action has brought the share price to a retrace low of 21.5 but I reckon this could be the bottom.

The reason why I think the 38.2% Fib R line is important is because the ARU chart looks a lot like ASN. When ASN was at a similar stage it retraced just past the 38.2% . It also took 2 days to complete retrace.

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Oh gosh ARU at a low of 21c now, sitting at the 50% line. Still holding and still has potential.

Last edited by Ibza: 18/03/24
4 Upvote

0 Great analysis

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