imagined TA levels1 Dec 2017 01:54
Today, Thursday, ARS has seen a final "capitulation" down spike, which often happens after several days of smaller technical correction. Some holders simply take profit, others are triggered their stoplosses and yet again other lose their nerves and sell (often because they cant afford their high risk bet on one card, Fincairn).
Whatever the sell reasons, the capitulation often ends with pria rebound, because major holders have not sold any shares, but rather pick up the shares from those who are throwing the towel.
TA confirmation came after the strong buying support as soon as the Sp touched the mid term trend line around 8.75p and 9.15p. Pardon, imagined TA line, amaretto!