ARU 2.94% 16.5¢ arafura rare earths ltd

Thanks @ausheds not many around here admit when they got it...

  1. 4,181 Posts.
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    Thanks @ausheds not many around here admit when they got it wrong, so fair play to you.

    Looking at the close for the week, this played out exactly how the sellers (broker?) wanted it to. The sell depth is relatively clear, but most of the selling has been coming off-screen, with shares hopefully moving to safer hands. Highest volume day in the last 12 months, so hopefully they are close to done, but we may see some more selling pressure off the back of a positive quarterly this coming week.

    Not going to post any charts, a fair bit of short term damage to repair and would be nice if some of that happens before months end. Key positive signals are the Slow stochs has slightly turned late on Friday and should keep climbing, while the daily has a nice long legged doji (https://www.investopedia.com/terms/l/long-legged-doji.asp) which sort of confirms the change in trend and signals that we should start heading back up shortly, even if we do consolidate for a day or two.

 
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Last
16.5¢
Change
-0.005(2.94%)
Mkt cap ! $395.8M
Open High Low Value Volume
17.0¢ 17.0¢ 16.0¢ $1.063M 6.400M

Buyers (Bids)

No. Vol. Price($)
1 24995 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 448096 11
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Last trade - 16.10pm 02/08/2024 (20 minute delay) ?
ARU (ASX) Chart
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