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Short Term Trading Week Starting: 27th Feb, page-379

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shimmer

14,954 Posts.

696

02/03/17

12:53

Post #: 23043893
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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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freehold as you are one of my fav. WMN is best cobalt, nickel play will smash all the others, but all will do ok in the craze...grades are unlike anything l have seen before. Plus l did pick ARL on here at 21c...

Last edited by shimmer: 02/03/17
3 Upvote

0 Great analysis

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