login
Open Free Account
     

Resources

Technical trade note African Rainbow Mineral Limited [ARI] - 01 June 2018

1 June 2018 / JSE Market Updates / Research Notes Posted by: Barry Dumas
African-Rainbow-Minerals-1

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

Screen Shot 2018-06-01 at 10.33.50

Source: Bloomberg

 

gt247 Partnership Affiliate Program

Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
SEARCH ALL RESEARCH
SEARCH POSTS BY AUTHOR

Online trading
made easy.

Start Trading Today

Disclaimer: Trading CFDs (leveraged products) is high risk and losses could exceed your initial capital input. Please ensure you fully understand the risks with trading CFDs before considering this form of trading. See full terms and conditions HERE.

GT247 (Pty) Ltd t/a GT247.com is a licensed over-the-counter derivatives provider duly authorised by the Financial Sector Conduct Authority of South Africa. All trades on the GT247.com trading platform are subject to the legal terms and conditions to which you agree to be bound. Any material shared/displayed on this website does not constitute financial advice. Should you require financial advice, please consult your financial planner.

The information on the GT247.com website is not directed at residents outside of South Africa and is not intended for distribution to or use by any person in any particular country or jurisdiction where such distribution or use would be contrary to local laws or regulations. GT247.com does not market its services to persons that reside outside of South Africa.
© 2022 GT247.com