ARU 2.86% 18.0¢ arafura rare earths ltd

Ann: EDC provides conditional approval for US$300m debt facility, page-29

  1. 1,445 Posts.
    lightbulb Created with Sketch. 30
    Now that was a fizzer of an announcement.
    Struggling to trade above 20c. did not even touch the 200 day ema (close).
    short term 21c rejection again. Traders will be looking be looking for a break above this 21c resistance for a short term scalp.
    lets see if the buyers come in and do an afternoon shift.
    21 - 21.5c - major pivot.
    lots of overhead resistance. its gonna be a long slow grind up.
    It's very difficult to beat the big boys / government enablers.
    shorting will not be band in Australia as it's the big boys that do it.

    https://hotcopper.com.au/data/attachments/6201/6201130-7f5f12424b716e362852ca214c367232.jpg

 
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