ARL 2.33% 42.0¢ ardea resources limited

Largest cobalt resource with lowest valuation, page-189

  1. 10,441 Posts.
    lightbulb Created with Sketch. 1044
    No offence Ashley but you took a gamble on a stock that has appreciated over 350 percent since ipo. Is it justified? What are the next moves in cobalt related stocks? It is hard to gauge at the moment. From a FA perspective the market is trying to figure out a realistic value for cobalt resources and the processes involved in bringing mines that make cobalt the dominant resource into production.
    From a TA perspective yesterday was a poor day. It seems the traders have come in done their thing and are now out. For the moment this is drifting and breached important support levels of 58.5 -60. Tues/wed is critical for follow up of the bearish Chart pattern. A move above 63 today would negate it but high volume selling today it tommorrow and it is very problematic in the st.
 
watchlist Created with Sketch. Add ARL (ASX) to my watchlist
(20min delay)
Last
42.0¢
Change
-0.010(2.33%)
Mkt cap ! $83.86M
Open High Low Value Volume
43.5¢ 44.5¢ 42.0¢ $15.18K 35.28K

Buyers (Bids)

No. Vol. Price($)
1 10000 42.0¢
 

Sellers (Offers)

Price($) Vol. No.
43.0¢ 19930 1
View Market Depth
Last trade - 14.21pm 10/09/2024 (20 minute delay) ?
ARL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.