$ARB:ASX - ARB CORPORATION - Swing Trade In Play?

Another pattern trade. There is a possible longer 15% swing, but based on todays rally, it might be reversing and going for the shorter 10% swing. Check for confirmation of course, but could be worth a watch... again I'd probably use a bracket order.

ARB Corp. Ltd. designs, manufactures, distributes and sells of motor vehicle accessories and light metal engineering works. It operates through the following geographical segments: Australia, USA, Thailand; and Middle East and Europe. Its products include protection equipment, old man emu suspension, air lockers and accessories, ARB compressors. roof racks and roof bars, canopies and ute lids, drawers and cargo barriers, vehicles lighting and rear vision, fridges and camping accessories, battery, power and solar solutions, safari snorkels, general accessories and recovery equipment. The company was founded by Anthony Ronald Brown in 1975 and is headquartered in Kilsyth, Australia.

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Got there quicker than I thought. Swing completed.

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Back up over $26 now. Pretty steady run.

코멘트:

Nice move today on ARB after tracking sideways for a bit. Broke and closed above the upper BB with a squeeze on and volume behind it. Worth a look.

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Nice 10% run off the break.

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Looking strong just below $32 now.