ARL 0.00% 47.5¢ ardea resources limited

ARL chart, page-1073

  1. 3,323 Posts.
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    Hi @AverageJoe
    Respectfully, you have declared that charts are your thing, and that is how you make your decisions.
    There are many ways of skinning a cat and technical is one way. I use a combination of fundamental and technical, others use fundamentals only and they tend to wait long term in grade A shares.
    Not one of the options above is perfect, it comes down to trading strategy, expectation and your personality, sometimes who you know,

    As a self confessed technical man, just wait for the signal in ARL and buy when you get that, sell when that signal occurs.
    You obviously look at fundamentals to a degree, this probably helps you to eliminate dubious choices.

    The challenge we have in ARL is that if you want a very large stake, you have to commit early, you have to believe in management, managements ability, the resources owned, the very obvious shift to the EV and any other value add possibilities that may come your way. 
    ARL is very tightly held, good luck trying to get meaningful trading volume when this pops.

    By waiting for the technical signal, you will miss the ability to buy volume at a low price. Its that simple.
    There are many other shares that you can take a technical ride on, ARL at the moment is not one.

    ARL offers the fundamental investors an opportunity to buy low and sell very high, you will need some patience.
    RED

 
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Last
47.5¢
Change
0.000(0.00%)
Mkt cap ! $94.84M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 10000 48.0¢
 

Sellers (Offers)

Price($) Vol. No.
47.5¢ 3750 1
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Last trade - 09.27am 03/07/2024 (20 minute delay) ?
ARL (ASX) Chart
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