Michaeljob

Andrea Resources Trend Line Trade

Alış
ASX:ARL   ARDEA RESOURCES LIMITED
Andrea are currently teetering on the long term support of the key trend line. With adequate cashflow and upcoming news flow from the PFS I am expecting to see a bounce from this key support over the coming weeks

Target entry is $1.235 with target exit at $1.545 giving a 25% upside on a successful move with RR of 1.94 considering stops at 1.075

Andrea are developingg cobolt, nickel and scandium project and claim to have the largest cobolt resource in the developed world

Feragatname

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