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Downward Momentum on ARI

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AFRICAN RAINBOW MIN LTD (JSE:ARI)  
RossLarter  
JSE:ARI   AFRICAN RAINBOW MIN LTD
Trend Analysis jse ALSI ZAR southafrica africanrainbowminerals
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trendanalysis jse alsi zar southafrica africanrainbowminerals
ARI is showing some good downward momentum with the recent downward crossing of the 3 and 15 period EMA's as well as the crossing downward of the stochastic and the MACD. If this momentum continues, we could see a possible downward move towards the support level at around 24000.
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