Aris Mining Corp T.ARIS.WT.A

Aris Long Term Chart

[tobinator01]

The stock is at an important point cross-roads.  It's on a verge of a significant technical breakout.  The 200 weekly moving average has been a tough ceiling to overcome for two years.  We also see a 3-year downtrend line just above the present price.

One other thing on a very bullish note, the NYSE Aris Mining ticker ARMN just had a record weekly volume of 1.9 million shares trading hands.  The TSX ticker total on the week was 2.6 million shares.  US buying of this name is new money flowing into the stock.  That is precisely what Aris Mining needs and I would estimate if New York volume overtakes Toronto, we will find ourselves north of C$5.00 very soon.  I should point out, this past week there was more US dollar value of trade in Aris than in Toronto ($1 US = C$1.35).


Aris 4-Year Chart

[menoalittle]

Technically speaking, the breakout of Aris here will most likely take the stock rather quickly to the 5.40ish mark before pausing to consolidate... (but what do I know...) menoalittle

[tobinator01]

The 5.40 area is not a bad guess.  Typcially there are naturual resistance barriers for stock corresponding to round figures like 5.00.  I would expect pauses at 4.65, 5.00 and 5.40 but a real fight for 6.00. The strength in Gold is certainly helping Aris push north despite the majority of the sector being red YTD.  I'd expect the huge additon of 100,000 more ounces of