ARU 2.86% 18.0¢ arafura rare earths ltd

All IMO. GLA. DYRIgnore the gap getting filled in this scenario....

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    All IMO. GLA. DYR

    Ignore the gap getting filled in this scenario. It's presented as a Bullish Island Reversal on daily timeframe + a reverse head and shoulders = probability that end of LT downtrend trend and new uptrend is high.

    https://hotcopper.com.au/data/attachments/6063/6063845-659bd38b30189b7883f3fd7e85068809.jpg

    Weekly has multiple Bullish engulfing candles and the retrace week of 18th March was not deep into the bullish engulfing of prior week and was lower volume.

    https://hotcopper.com.au/data/attachments/6063/6063842-cfaa418b2c713ea3975fa8c21eff94e8.jpg

    Monthly is best for LT investment purposes.
    Strong volume on the downward trendline breakout.
    Wedge compression over next 12 - 18months and top of cup to be formed post wedge breakout.
    Downside risk back to .045 base if everything goes to shite. Low probability now.

    https://hotcopper.com.au/data/attachments/6063/6063837-37d1378f83735202ba393a453c97d35d.jpg

    ARU is probably somewhere within mid stage development phase.

    https://hotcopper.com.au/data/attachments/6063/6063886-ac34376648f1d805990a450216de5d66.jpg

    Commodity will soon begin bottoming phase.

    https://hotcopper.com.au/data/attachments/6063/6063849-c057326965e4f46cbec44e5734fd7b2a.jpg




 
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