ARU 0.00% 16.0¢ arafura rare earths ltd

Chart, page-12

  1. 4,183 Posts.
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    Revisiting this one after a couple of weeks of healthy rises.
    Barcharts has us as a 88% Strong Buy - https://www.barchart.com/stocks/quotes/ARU.AX/overview?search=aru.ax
    Looking at some of my own charts, focusing on the Monthly timescale, this week marks a significant turning point on the monthly chart for ARU.
    With the decade long view, you could argue we are breaking out, but given it was such a quick decline in 2010, hard to really put too much credence in that trendline.
    What I am more interested can be seen on the monthly chart on the shorter timeframe, with the MACD crossing over this week and which should also poke its head above 0 in the next few weeks. This will not only help maintain the uptrend, but should make it a strong one for the next few months and hopefully even into 2020, as various milestones get ticked off (funding, offtake, etc).
    There might be some resistance levels around 15 cents and again at 20 cents, but this could end the year much higher given how long it has been basing at these levels and some of the macro factors at play (China / US trade war).

    https://hotcopper.com.au/data/attachments/1586/1586904-87013af1e94f439e838a2c181029318e.jpg

    https://hotcopper.com.au/data/attachments/1586/1586907-6138b36221704646cd1be712cc94e231.jpg
 
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Last
16.0¢
Change
0.000(0.00%)
Mkt cap ! $383.8M
Open High Low Value Volume
16.5¢ 16.5¢ 16.0¢ $208.3K 1.276M

Buyers (Bids)

No. Vol. Price($)
33 1533397 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 568435 10
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Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
ARU (ASX) Chart
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