African Rainbow Minerals: Slowdown In Bearish Momentum - Thursday, 12 September 2024
- Lester Davids
- Sep 12, 2024
- 1 min read
Real-Time: 10h21
Ticker: ARI
The share has found support at the previous swing low and is rebounding from deeply oversold conditions.
This setup was discussed on Monday, 02 September.
The chart is 'current'
Pre-Market
Ticker: ARI
As per my report on Monday, 02 September (Active Trading Plan), the share is approaching key levels i.e. the previous breakout range and the previous swing lows.
Also note the following, yesterday we saw a 'doji' candle being printed, which may be early clues of a slowdown in downward momentum.
Note: Event risk in the form of earnings at present (Friday, 06 September).
The slide from my report is shown below.
Lester Davids
Analyst: Unum Capital
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