Post by
tobinator01 on Jan 10, 2023 1:09pm
Looking like a technical breakout.
The is (now was) stiff resistance at $3.92 and now Aris has sliced through it like hot knife through margarine. The 200 dma was the launching point at $3.84. One can argue the gyrations between $3.75 down to $2.69 created a Bullish Reverse Head and Shoulders formation. That would yield an eventual pattern price target of $4.81. There's resistance at $4.34 and $4.73. We probably should expect quite the brick wall of resistance in the $4.80 area.
Volume is looking great and Aris is one of the best performing miners on the day. Gold and the HUI are lack luster, which makes the Aris move stand out more. Assuming C$4.10 sticks today, Aris is up 22% YTD. Not bad for 6 trading days.
A series Aris warrants Black-Scholes value at 42% volatility is $0.40 and presently under performing today's move. Vacuum cleaner, where are you?
Comment by
domcolumba on Jan 10, 2023 1:21pm
Holy Smokes! I got a tip from an old gold bug this morning and it was ARIS Mining. He has been in the gold market for over 50 years and he said ARIS Mining was his top pick and largest holding. I picked up 2000 shares at $4.01 Dom
Comment by
Stratocheif on Jan 14, 2023 7:21pm
If you really believe something to be true you MUST go all in. This is the George Soros mindset that made him a billionaire. If you believe Aris is the one, why did you buy 2000 shares. Why don't you buy 100,000 shares?
Comment by
cnotes22 on Jan 15, 2023 1:02am
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