My reading to today's trading:
Traders took control and deliberately know down any buying power to get SP close below So called/Man made support line of 60c and 58.5c (which not much below 60c) and mostly ironicaly:
As soon as 58c showed up, many got mad and treat it as Sky fall so they sold......
I saw one even mentioned 46c, wow , this market never lack of these kind Arm chairs who list all price targets when SP down and vice versa.....While they never care and responsible for what they said......
Any drilling news or surprise will let down those who sold while backing here talk about how "poor" ARL....but again, it is Their oponion...
I choose to buy more and believe ARL I'd worth a lot more than 60c......
Largest cobalt resource with lowest valuation, page-120
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Last
52.0¢ |
Change
0.020(4.00%) |
Mkt cap ! $103.7M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 52.0¢ | 48.5¢ | $75.72K | 150.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 37329 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ARL (ASX) Chart |