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That's a fancy analysis, another way of saying it would be,...

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331 Posts.

64

08/11/18

16:03

Post #: 36436040
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Originally posted by wilfran1pm: ↑

Well has the ARL SP finally turned back up again? The triangle pattern break down target from 06/09 was achieved with the SP falling to the 51.5c level. As can be seen on the chart, and noted in other posts on this thread, the SP has now made a double bottom at this level. Combined with this the WaveTrend momentum indicator has also shown a positive divergence with the SP at those bottoming candles. The medium term downtrend line has been broken along with the 50 SMA. An SP price target based on the second descending triangle pattern break out is around the 85c level. A bit of artistic license was taken in visualising the second descending triangle pattern, but the SP target does correspond nicely with prior relatively High-Volume Close levels. Momentum is moving higher so hopefully the SP will continue to rise.

View attachment 1357501

The above daily chart includes ASX SP data as at 1pm today.
Good luck everyone. All IMO of course.

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That's a fancy analysis, another way of saying it would be, stock price has gone up a bit, this is good.

ARL Price at posting: 66.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 46.0¢		Change 0.000(0.00%)		Mkt cap ! $91.85M

Open	High	Low	Value	Volume
46.0¢	46.0¢	46.0¢	$467	1.015K

Buyers (Bids)

No.	Vol.	Price($)
2	10327	45.5¢

Sellers (Offers)

Price($)	Vol.	No.
46.5¢	3296	2

View Market Depth

No.	Vol.	Price($)
2	10327	0.455
3	10304	0.450
1	42000	0.440
1	20000	0.435
3	12200	0.420

Price($)	Vol.	No.
0.465	3296	2
0.470	7334	4
0.485	10000	1
0.490	4680	1
0.500	11258	1

Last trade - 13.38pm 29/07/2024 (20 minute delay)

ARL (ASX) Chart