Astral Foods Pending Re-Entry

٨ أبريل ٢٠١٩

Astral Foods: Our last call on ARL (from 14350c on 28/01) saw the share make an immediate advance toward the target of 16000c. Since then, we have seen the share price test year-to-date highs of 17923c which is being followed by a short term consolidation. My next course of action is to monitor whether the price retraces to near the incline support or at least at around 16500c to 16300c, a level at which trader may want to set as a provisional buy/accumulation zone. Here, the stop-loss would be 15400c with a target of 19000c. Time Frame: Medium Term (2 - 6 months).