ARI showing downside after a break below a strange patternI don't know if such a pattern exists but I call it a Reverse Cup & Handle.
This is where the Handle (small rounding top) is on the left side of the cup (Big rounding top).
Now that the price has broken below, we can expect supply side to bring the price down.
21>7>200 - Bearish
RSI<50
Target R219.52
ABOUT ARI
African Rainbow Minerals (ARM) is a South African diversified mining and minerals giant.
The company was founded in 2004 by Patrice Motsepe, a South African billionaire businessman and philanthropist.
ARM has interests in a wide range of minerals, including platinum, coal,
The company's platinum division, ARM Platinum, is the world's second-largest platinum producer.
ARM also has a 50% stake in Two Rivers Platinum, a joint venture with Impala Platinum Holdings.
There are over 11,000 employees with a Market cap of over R30 billion - Blue Chip
