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Thursday, 01/19/2023 10:29:47 PM

Thursday, January 19, 2023 10:29:47 PM

Post# of 1155
t....t

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Aris Chart Review
I looked over the two charts I have saved in my Stockcharts account. I'll try to post them here but I suspect the URL will be blocked for anyone outside of my account. Please reply to this message if you see them.

Aris is sporting a nice Bullish Flag pattern with immediate resistance at 4.24 and support at 4.00. The measured move of the Flag patter is an eventual price of 5.00. The Fibonacci 50% level from the 5.91 lto the 2.69 levels is 4.30. That is the key price point near term. I suspect techical buy programs will jump in slightly above there. The 62% Fibonacci level is 4.67.

Going out longer term to the 3-year time period. Aris (GCM at the time) hit 7.31. Drawing the Fibonacci retracement lines and the downtrend line, we get a strong convergence of resistance at 4.70. That is where the chart says Aris is going to have a tough time to break. Mabybe the granting of the environmental permit for the underground operation at Marmato could do the trick. 100 week moving average is at 4.54 and the 200 wma is at 4.89.

1 Year Chart
https://stockcharts.com/h-sc/ui?s=ARIS.TO&p=D&yr=1&mn=0&dy=0&id=p03682813417&a=1260483926&listNum=1

3-Year Chart
https://stockcharts.com/h-sc/ui?s=ARIS.TO&p=W&yr=3&mn=0&dy=0&id=p28540015310&a=1326772940&listNum=1


My opinions are my own and and DD I post should be confirmed as unbiased

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