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
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...
I would expect this to give the impetus for
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...
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