AAR long at the supportOn the chart we can see the upward trend . We believe that the price will reach upsloping line which will be our entry for a long position.
After that we expect the price will bounce and the price will increase towards our target which would be at 0.08.
If the price closes below 0,063 we may see more downside.
Good luck
AAR trade ideas
Watch the breakAnglo Australian Resources is a gold/base metals exploration company with resource interests in Western Australia. The price has formed a bottom and has commenced moving up (switch to a monthly chart). It is expected to break the $0.115c barrier to a new high. Wait for the break & a retest of that level. Resistance is expected around $0.15c. Due to current world fears about the coronavirus & its impact on the market/gold, price action may be a bit more drastic. Be careful & manage your risk.