Shares & Derivatives
ARA: Divestment at $1.30 and $1.32.
By A Singaporean Stockmarket Investor (ASSI)  •  January 18, 2012
I have been entering overnight sell orders for ARA at $1.30 since early this month. $1.30 was the price I last sold some ARA at. As I noticed some strength in the upward movement in price, I also put in a sell order at $1.32 last night. Both sell orders at $1.30 and $1.32 were filled today.
Price touched a high of $1.33 today before closing at $1.315. Volume was relatively low compared to 3 sessions ago when price action formed a similar white candle. I wonder if it would have enough fuel to push it pass the next resistance at $1.335. Immediate support is at $1.29 but I expect a stronger support to be at $1.25 in case of a retracement. $1.25 is also where a golden cross is likely to be formed with the 20dMA rising to cross ......
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By A Singaporean Stockmarket Investor (ASSI)
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