ARI stunning Cup and Handle target to R340Cup and Handle has formed very nicely on the weekly chart.
We've also had a strong breakout, confirming from the open of the candle.
The moving averages are bullish 7 > 21 >200
RSI >50 - higher lows
Bullish
Target 1 - R340.00
Here's some information about the company to those who are international:
African Rainbow Minerals (JSE:ARI) is a diversified South African mining company that was founded in 1997. The company has operations in the coal, platinum, manganese, chrome, iron ore, and copper industries, among others. ARM is listed on the Johannesburg Stock Exchange and is one of the largest mining companies in South Africa. It is also involved in various social and environmental initiatives in the communities where it operates.
