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ARL

JSE:ARL Astral Foods Still Looking for the MarkupWith strength in the background, we were looking for the bounce of the yearly pivot point in the previous post (see below). Now there has been another spring to the 200SMA. A good reversal bar with some volume could indicate the markup is now ready to go.
JSE:ARLLong
by SteynTrade
JSE:ARL Astral Food Markup to StartAfter a downtrend and selling climax (SC) Astral Food has been in a trading range for most of 2019. This looks like an accumulation trading range. There has been signs of strength (SOS) with an upthrust in May and markup in Phase D in November/December. After a backup (BU) on decreasing volume back to the yearly pivot point some volume is pushing price up. This could be an indication that the markup is about to start.
JSE:ARLLong
by SteynTrade

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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