RE: RE: bounce27 Oct 2018 19:16
Gaf, the Sp is still maintained very well, and some of the big boys even seem to load up with more shares:
Volume Sold: 815,393
Volume Bought: 1,404,850
This held well, during the crazy US market drop. Right now with this support, theres little use to speculate into the wild.
I try to work three dimensional, not just 2D.
I'm not a theoretical TA, where some people just go and draw a line from the peak down to the bottom, and then say this will be it.
That doesnt work for ARS, as there are two many factors.
ARS is a high volatile share that could for instance see a sudden 10M finance announcement, supported by JP & their club. This would cause a share rise and cripple all chart theory.
Or, if the m-cap drops too low, hey risk being taken over by a financial consortium, chopped in fancy slices and sold on. This would also lead to an instant rise to 10 or 15p.
Lets wait and see if the companycand main stakeholders fight and work hard to support 6.30ish.
Also note that later in December metals & copper are expected to see a rebound.