ARS volume has increased - potential breakoutAs we approach the upper band of the channel we can start to anticipate a break . Backed by increase of volume we could see the SP break out shortly . I Will keep a close on on these shares and look for a possible entry. Aggressive traders will be looking enter now. Target 1 would be around 8.5 with target 2 around 15.
ARS trade ideas
ARS - a good buy? Against the backdrop of deal negotiations coming to a conclusion with AE + the breakout & subsequent backtest of copper 9 year downtrend...
I would expect this to give the impetus for LSE:ARS to break out of the c. 2 year downtrend that it finds itself in (see weekly chart).
Support levels in yellow, trend lines in white. Has recently bounced quite nicely of significant support in the c.1.95 region.
Have added some ghost bars as to how it could play out...
Trend reversal? Targets ST 3.64p/5.6p MT- 8.48p LT - 15pAfter seller exhaustion comes the bulls and I believe we are very close of a turn here which will take us to 3.64p-5.6p with right news.
I believe seller should be or is out as bulls come in.
Permit should be coming any day now after xmas holidays.
Gap to fill at 5.6-5.8p!
Medium term I can see us touching 8.48p
Long term 15p
copper price doing well as of late
BoD have also skin in the game & ASIPAC having a considerable amount invested in the business.
5.6p / 8.4p Targets GAP TO FILL #copper mid term It has been a long & painful timeline to say the least with ARS but I think finally we are now on a good turnaround for the company.
Bear in mind that BoD have bought shares all the way up & same as Asipac.
We have now a new partner Aeturnun Energy which has recently bought into the company.
Aeturnun Energy 19.99%
Asipac Group 8.16%
Namarong 3.93%
Tony Manini 3.10%
Closing above 3p I see 5p ish not long after
Plan to slice some at 5.6p but keep my core holding as long term investment.
8p / 15p targets - buy entry triggers - gap to fill BULLISHAn amazing asset value company with newsflow
Copper & gold play.
potential financial partners in talks at moment
Several assets within Indonesia
An amazing track record BoD
8p 1st target with 15p mid-long term. 15p+ on big news.
At great value at moment & a bargain considering the assets.
Break of descending wedge - above 200ma - RSI breakoutPrice has closed yesterday above descending wedge and today we are rising in attempt to break the 200ma.
if we close above 200ma then not much resistance as there is no MA's above so it will be easier to move.
BFS is around the corner and could be released any day now so momentum is building.
24p is broker target which is over 100% from here.
Good luck all.
ARS Asiamet resisting the 10.45 zone12/07 saw Asiamet test the 10.45 (0.236) fib area and then continue to test that resistance line for the next 5 days. There was a slight pull back on 19/07 for 3 days and then a continuation of testing that resistance line. 30/07 saw a strong break through that resistance line to finish finish above 0.236 fib as support. A break above the 0.236 will see it become a support zone again. Look for it to hold this area and then push to 11.30 price.
Asiamet FibStrong resistance at 12.30 tracing back all the way to late 2017. We had a breakout of trend 05/11 but it failed at 12.30 and retraced to previous support/resitance area of 10.0 before bouncing off and making moves upwards to re-rest that 12.30 resitance area and falling short again. Price currently bouncing of 10MA
Support - 10.65
Reistance - 12.30
Looking for it to close above 12.30 on the daily to make a run to 12.90
FOLLOW THE PATTERNS & TREND - TA WORKS - VERY BULLISHthe chart shows that TA works. It is a fact.
If fundamentals are in place then even better. and as you can see good companies have great trends.
retrace at 78.6%
retrace to 50%
retrace to 61.8%
retrace to 78.6%
Nothing goes up in a straight line. retracement brings new traders and investors, builds more interest in the company.
Keep you stop losses regardless as nothing is set in stone and charts are mainly a prediction.
Bullish divergence - RSI double bottom - Holding trendQuite bullish on the price action based on trend and fibs
I believe 9.55p - 9.8p was the bottom for this move
As long as we hold the trend I belive we will go back to highs in time.
Will slice again when RSI gets overbought and keep my long term pot for bigger gains.
Not all is lost -bounce incoming - oversold - lower then placingLooking for price to hold at this levels
unfortunately it lost the trend line but not all is lost.
plenty of newsflow to come over summer and always time for swings.
last placing was at 11p for £7.2 Million so I'm sure this level should hold.
$ARS Asiamet Resources - my Target 17.60p - Good volumeOne of my long term favourites since 2.20p
Ben trading in and out but more recently came back in as long term as well as a trading pot.
Target 16.15 & 17.60p - Believe we will get closer to the latter based on distance between the last two highs