ARL 1.16% 42.5¢ ardea resources limited

ARL chart, page-1503

  1. 43,810 Posts.
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    I am just calling the way I see those lows and highs are printed on the chart.

    I had the opportunity to try to time an entry to ARL but I am concern at the general state of the index, toppish. There are just too much noise from the macro side from foreign news, trade war, Brexit and gold knows what else that are making volatile market activity. For me personally the junior end of town can suffer higher betas just from this market noises and does not reflect on the fundamentals of the company. But as you can see I contemplated ARL for a long time and I am not really into trading stocks, more investing.

    It is good to see the recovery and a fierce recovery. I don't think from the volume perspective, shorters are here bashing the SP, probably just sector weakness and getting a revival through Indo ni ban. Good luck.
 
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