Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

ARI

Reply
Russ
Super Contributor
Another share that is right on the neckline and staring into the abyss.
0 Kudos
15 REPLIES 15
Rams
Super Contributor
Are you taking the plunge
0 Kudos
Russ
Super Contributor
Luckily I didn't.Will wait.
0 Kudos
Shooz
New Contributor
I am stuck with this. Not sure how will it end.
0 Kudos
THRESHOLD
Super Contributor
Very illiquid. Quite liked trading it when RESI's were in vogue. Always the last to move. It is, however, a TOP40 counter... so it must move if the sector moves. It is a baby ANGLO AMERICAN (But with much more growth potential than AGL) - so look AGL for direction. A quality company - but it needs the market to move before it can go.
0 Kudos
Russ
Super Contributor
ARI just hanging on again.
0 Kudos
Not applicable
is it a top40 stock?
0 Kudos
THRESHOLD
Super Contributor
0 Kudos
Pepi
Regular Contributor
Russ - changing the subject a bit - how do your charts look for AGL
0 Kudos
THRESHOLD
Super Contributor
Menu Bar - "MARKET INFO" - "LIST OF INDICES" - Click on "TOPI" for list of all members.
0 Kudos
Russ
Super Contributor
Pepi,I am short because the 18 month H and S pattern has broken down,so it should go a lot lower.It is oversold,though,so the ride down could be a bit bumpy,with the odd rally here and there.The close on 25 August 2010 was at 25502 so I would like to see agl take out this low.
0 Kudos
THRESHOLD
Super Contributor
Huge support at R165, then R160. Sure it could go lower - but I wouldn't be shorting this thing here. Shorts should have been at aroud R190.
0 Kudos
Pepi
Regular Contributor
Wow - balancing on the edge of a precipice. Thanks Russ
0 Kudos
Russ
Super Contributor
Incidentally S and P futures are pointing to it opening at 1295.Support on the S and P is at about 1294,so they are also at a crucial level.The jobless claims today are therefore of some importance.
0 Kudos
THRESHOLD
Super Contributor
10 000 ARI at R166... maybe...
0 Kudos
THRESHOLD
Super Contributor
Nope - rather wait for a level and trade Anglo - 1st to turn and more liquid.
0 Kudos