ARA chart as of 31 aug 2016
(click on the chart to enlarge)
remarks:
1. ARA breached the 3.44 resistance to close higher to 3.90 ...
2. the macd histogram is higher ...
3. resistance: 3.95 - 4.00 ...
4. short term traders may be fading ARA in the coming days ... while short term trend followers may sell when their stops are hit ... or just hold ... why hold? i just think that the ara story is just unfolding even if it is already far from its 40 - 60 cents levels years ago when i first started picking up ara ....
5. im thinking of a possible breakout buy at 4.00 ...
STOCK TRADING IS A VERY SPECULATIVE ACTIVITY ... IT IS NOT SAFE FOR NEWBIES AND OLDIES ALIKE ... LOSING YOUR MONEY IS A REAL POSSIBILITY AT ALL TIMES!
p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose.
