ARU 1.92% 12.8¢ arafura rare earths ltd

As I mentioned, the chart is starting to look a lot...

  1. 2,597 Posts.
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    As I mentioned, the chart is starting to look a lot healthier. 

    Barcharts now has it as a weak buy (24%) https://www.barchart.com/stocks/quotes/ARU.AX

    The daily has a positive MACD cross and it has just moved above 0.
    The RSI looks good as well. 
    Also appears to be escaping the recent downtrend, with a nice base forming. 
    Even if it keeps basing around 5 cents for another couple of weeks, this will only strengthen a rise in the future.  
    https://hotcopper.com.au/data/attachments/1440/1440746-41148cb7499611612ee0a2498274ae22.jpg

    The weekly is coming from further back and isn't as healthy, which is to be expected after a 15 month downtrend. 
    Again, it is forming a nice base and the MACD indicator has crossed over and should start tracking higher back towards 0. 
    The slow stochs and RSI appear to be turning up to support this as well. 
    Looks like a short term target might be 7 cents, where it might need to break the downtrend. 
    https://hotcopper.com.au/data/attachments/1440/1440751-361099de2cb1e2d3c6e9219bccc76659.jpg

    I won't post the monthly, but fair to say it is an interesting chart, that actually looks a lot healthier than the weekly. 
    That monthly, especially its indicators suggest to me that this could go on a big run later this year, if the short term trend turns around and breaks through short term resistance.  
    Given the newsflow around offtakes, funding, etc that will land in the first 6 months of this year, it is easy to see how the second half of this year might have a positive monthly chart and then it is off to the races.
 
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Last
12.8¢
Change
-0.003(1.92%)
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12.5¢ 13.0¢ 12.5¢ $62.50K 498.4K

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82 3777184 12.5¢
 

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13.0¢ 568180 19
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Last trade - 10.17am 22/11/2024 (20 minute delay) ?
ARU (ASX) Chart
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