ARO chart, page-19

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165

01/10/20

16:19

Post #: 47782808
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Originally posted by baifonzai: ↑

Lots to like with the chart today. It's formed into an upward channel and the pendulum swings of prices and volume seem to be going like clockwork.

Good time today to pick some up at 7c or thereabouts. Just got myself a parcel. Next swing up I'd say will start early-mid next week, and peaking by end of next week? Base case is it will follow the green arrow's path to 1c. If there's good FOMO momentum then it will maybe follow the orange arrow to 1.2c.

All these are using the chart to gauge probable outcomes. It's no guarantee but it suggests a higher probability for the scenario to be played out.

If sampling results come in with a surprise, then perhaps there's a chance to head out along the red arrow to the 1.8c mark.

If prices break below the lowest purple line of 7c then the trend is over, and all bets are off.

So all in all, a reasonable chance to gain 30% to 250% in a week or two, though the downside is quite severe too given how low a denomination this share is trading at!

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Hi Baifonzai,

mate thank you for the chart and the explanation to go with it, it helps a dummy like me understand.

does the current close set up what you had previously written? excluding any unknown outside factors?

we should hear from mapping samples soonish (fingers crossed) and hopefully some unknown news regarding the diamond project (just a gut feeling after speaking with the company secretary)

ARO Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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