I'm nowhere near in Pete's league, but here's my amateurish chart on ARU...
As you can see, its busted out of the rally trend and is now on a steep slide. The question in my mind is, where will it stop? 0.90 seems to be a weak, but potential, line of support. Next one down is in the high 70s, which would also be a 60% retracement of the August/September rally.
I don't think its finished sliding though. Both DMI and RSI have crossed into negative and the stock's falling on reasonably heavy volume.
chart, page-145
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $383.8M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $870.9K | 5.306M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1318262 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 512590 | 5 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| ARU (ASX) Chart |