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Hi Freehold, how are you liking the CHK action? Good volume...

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ChrisWR

752 Posts.

02/03/17

12:34

Post #: 23043068
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Originally posted by Freehold ↑

ARL - Seems risk is back on for ARL (Aust largest cobalt play) sharp retrace from 92.5c 3 days ago then consolidation on reducing volume and narrowing trade ranges, also and 2 "inside days" in a row at yesterdays close ... Sharp increase in volume and price today. Does not get more "Text book" entry then that. ...

Given some time I think it will retest recent highs. My prediction is the equilibrium price will be well above 1$ give the valuation of peers. Currently trading at 71.5c

View attachment 486380

Also spot Cobalt price at new high today exit prices to continue northwards in the short to mid term

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Hi Freehold, how are you liking the CHK action? Good volume after retrace and not a massive spike.
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0 Great analysis

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