My two cents:
@niclou, the 43cents level is also the 2nd higher low. a fall below that could break up the setup of a trend change in SP.
I am happy SP is taking a breather below the 50cents resistance and doesn't leave gaps on the way up.
Potential convergence of SMA200, SMA50 and SMA20 in the next couple of weeks might put the spot light on ARL from a trader's perspective. For several reasons, I am glad that ARL has low liquidity and strong LT holders. Less SP shenanigans.
From an FA POV, plenty of potential catalysts to ignite the SP resurrection. POG is going very strong (Godolphin, WA gold assets, St. George drilling results), Ni price development looks juicy (BHP's bet on Ni sulphate, Indonesia's export ban of class 2 nickel / PIG), Co production shut down by Glencore, strategic partner for our flagship GNCP project.
Given the depressing sentiment around the battery chemicals right now, a nice gold drilling result would probably go a long way.
ARL, not a one-trick pony but a circus of opportunities!
GLTALTs
ARL chart, page-1358
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Last
48.0¢ |
Change
0.015(3.23%) |
Mkt cap ! $95.84M | |||
| Open | High | Low | Value | Volume |
| 46.8¢ | 48.0¢ | 45.5¢ | $11.78K | 25.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 81978 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 23716 | 4 |
View Market Depth
| Last trade - 15.56pm 12/07/2024 (20 minute delay) ? |
| ARL (ASX) Chart |