ARU 13.2% 16.5¢ arafura rare earths ltd

No disrespect to anyone. Just my readings of the charts. plus a...

  1. 1,566 Posts.
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    No disrespect to anyone. Just my readings of the charts. plus a little added warped reasoning as to possible reasons why the share price acts the way it does.

    finished on the days low. no sign of sellers capitulation.
    downtrend confirmed as uptrend broken
    first downside target demolished
    second within stone throw.
    best case scenario is higher low at this level or double bottom at 16c. extremely doubtful as the bears are in total control.
    I don't see it getting to 12 but I could be wrong. maybe a double bottom or higher low circa 14.5c

    25 + million shares - impressive but nothing special

    cornerstone investors are lowballing is what I suspect.
    the games between the haves and have nots.

    have we gone back in time and had a rinse and repeat of the last cap raising.

    https://hotcopper.com.au/data/attachments/6336/6336768-a8e4d61d8013374630522ca63d929ae6.jpg

    Nothing to do with bulls and bears echoed by those that advising you to not sell.

    Note I don’t have a disclaimer under my name just being open and transparent about my actions.

    Copy and paste…

    https://hotcopper.com.au/data/attachments/6336/6336794-dce681800a0db69113052a50967aaa6a.jpg

    https://hotcopper.com.au/data/attachments/6336/6336797-73bfc00d711d9fffcba4a4d10ed1b4be.jpg
 
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(20min delay)
Last
16.5¢
Change
-0.025(13.2%)
Mkt cap ! $381.1M
Open High Low Value Volume
17.5¢ 17.5¢ 16.5¢ $2.808M 16.50M

Buyers (Bids)

No. Vol. Price($)
81 2992134 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 1169481 25
View Market Depth
Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
ARU (ASX) Chart
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