Hi all, just looking at Support and Resistance for ARU. Strong support at the 10c mark as for resistance out to 5 year chart broken all resistance. Looking at 5 year chart highest price 13c on 1/10/2017. 10 year chart 42.7 10/1/2012 and 64c 04/09/2011.
I think we are in total uncharted territory at the time due to its been over 3 years since 13c and well over 9 years since 60c. The chart at this time show no resistance. Not being a total expert this could run long and hard before a pullback, we need to build support at the 20 - 25c mark before next big run. Unless soon know something different.
Also there has been a lot f discussion re consolidation Extract (EXT) did one back in late 2008 10 for 1 so 9c shares became 90c shares, it meant due to a highly held stock that demand exploded on news, especially when RIO and Chinese got in.
Good luck to holders
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Hi all, just looking at Support and Resistance for ARU. Strong...
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