ARU 3.70% 13.0¢ arafura rare earths ltd

ARU Chart Thread, page-1607

  1. 6,427 Posts.
    lightbulb Created with Sketch. 1636
    Charts will follow after the facts as usual. When we see an end to the 3-4.10 pm blues when they systemically - almost daily push the sp to day low or near to. Again today comfortably around the 34.75-34.5c and 3pm arrives - when this changes course to closing on green side then we'll see sp growth unless a TH called an subsequent positive ann released.
    On the shorts - clearly from 1/6 to 9/6 they reduced from 2.9% to 2.4% around 10.5 million sold down along with continued ECE sell off around 10 million shares a week during that period. Little wonder SP flips from 35.5c to 32c etc - they are not done YET - perhaps ECE are but now shorters need to exit in a calm manner - much the same we have endured the past 11 weeks - my assumption is shorters will continue their exit of current 2.4% in leu of the company's flagged June financial close - even it arrives and most probably will some time after - they do not want to be caught holding to many when news arrives. So another week or so of shorts reduction. Easy to see when time permits - the fuel on the sell side remains - keeps arriving - when this reduces and shorts have reduced their 2.4% then sp will go north and a positive ann will see the charts blow to a new high - the third spike in looking at 5 year chart. Nearly there - thank you and good bye ECE - can tick that box now at least - didn't that gift the shorts a dream opportunity.
 
watchlist Created with Sketch. Add ARU (ASX) to my watchlist
(20min delay)
Last
13.0¢
Change
-0.005(3.70%)
Mkt cap ! $320.3M
Open High Low Value Volume
13.5¢ 14.0¢ 12.5¢ $941.5K 7.135M

Buyers (Bids)

No. Vol. Price($)
43 2345206 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 586330 12
View Market Depth
Last trade - 16.10pm 13/11/2024 (20 minute delay) ?
ARU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.