Hey, as promised I drew some lines and here's what I came up with.
Below is the daily chart and here are my take aways.
ARB is in an Ascending triangle pattern that broke away today (daily chart) indicating that the stock is very bullish.
It is also well and truly broken out if its long term down trend (fg 2)
It is nicely following the up-trending channel, therefore the next stop should be $20+
I am very bullish on the stock atm and given the chart indicates shown, plenty agree.
Take my information how you want but remember too also dyor.
On a side note, please be nice in this new thread haha. Hotcopper can be a nasty place, so just remember everyone has different views and opinions.
Gltah,
Lets see if I'm right in two weeksfg.1
fg.2
Hey, as promised I drew some lines and here's what I came up...
Add ARB (ASX) to my watchlist
 (20min delay)
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Last
$40.33 |
Change
0.020(0.05%) |
Mkt cap ! $3.320B | |||
| Open | High | Low | Value | Volume |
| $40.09 | $40.33 | $39.46 | $4.074M | 101.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 114 | $40.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.33 | 597 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| ARB (ASX) Chart |