Short Term Trading Week Starting: 27th Feb, page-375

  1. 24,192 Posts.
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    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


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    Also spot Cobalt price at new high today exit prices to continue northwards in the short to mid term
    Last edited by Freehold: 02/03/17
 
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