technical analysis chart

Technical Breaks, Ideas and Insights – African Rainbow Minerals Positive Break

ARI made a positive break in August 2022 by breaking the downwards sloping resistance line at R240.00.
Since then, the share has rallied and reached its target level at R304.00.
The share is in the process to break further upwards and could potentially rally further, testing the resistance level at R342.00 and then R408.00 in a positive scenario, in our view.
This report provides a technical analysis of African Rainbow Minerals.