Trade idea on African Rainbow Mineral Limited (ARI)
African Rainbow Mineral Limited (ARI) have been testing the 11419c per share level on a number of occasions. If we see a daily close above this level it looks good for a buy with a first target price of 12289c per share. Looking at the weekly time frame we can see some positive long-term movement on the stock as well.
Trade: African Rainbow Mineral Limited (ARI)
- Entry (Buy): 11536c
- Stop loss: 10279c
- Target price 1: 12289c
- Target price 2: 13230c
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