ARU 2.78% 18.5¢ arafura rare earths ltd

finished on the days high. always a good sign to finish on its...

  1. 1,897 Posts.
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    finished on the days high. always a good sign to finish on its days highs.
    volume a tad light @ 2.9 million
    I thought there might be more resistance at the 18c.
    now we come to challenge the 200 day ema and the resistance noted by the purple rectangle.
    its just climbing through these resistance zones a little too easily. but I don't mind that. fly my pretties.

    just like the perma-bulls that have gone into hiding. the bears and sellers around 15 - 16c range have gone into hibernation.
    bulls are buying and bears have retreated.

    as always we need more volume as the sp rises. it smells like news.
    hopefully some good news comes to match the upward momentum. or else the bears will be back to have a bull bbq.

    a tad short of the price prior to the second 16c cap raise. almost there.

    cum on feel the noize!!!
    do we turn the chart around?

    Not long to go for the agm. do they have news for the agm?


    https://hotcopper.com.au/data/attachments/6514/6514997-3b5cb5c33093ad65a1b105933e1f2e8e.jpg


 
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