Amigos, below is a simple chart from Hot Copper of ARR's shareprice and trading volumes during the last 3 months. During that time we have gone through the uncertainty caused by: the Omicron explosion, business's Christmas wipeout, the voluntary lockdowns, fears about inflation, Morrison vs China, Putin vs West, etc, etc. In spite of this bearish context, we see ARR's shareprice following a strong Elliot wave pattern. My guess is that we have completed Wave 4 and are about to start the upward trend of Wave 5. Also, I'll go out on a limb and suggest that these movements are just subsets of a first "big" wave that will have another 4 "big" waves to go? If so, the drama will play out during the rest of 2022. Maybe I'm crazy, but the fundamentals support the re-rate. Time will tell.
Amigos, below is a simple chart from Hot Copper of ARR's...
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 (20min delay)
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Last
28.5¢ |
Change
-0.005(1.72%) |
Mkt cap ! $140.9M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 29.5¢ | 28.3¢ | $120.3K | 417.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9999 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 8822 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ARR (ASX) Chart |