Michaeljob
Long

Andrea Resources Trend Line Trade

ASX:ARL   ARDEA RESOURCES LIMITED
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Andrea are currently teetering on the long term support of the key trend line . With adequate cashflow and upcoming news flow from the PFS I am expecting to see a bounce from this key support over the coming weeks

Target entry is $1.235 with target exit at $1.545 giving a 25% upside on a successful move with RR of 1.94 considering stops at 1.075

Andrea are developingg cobolt, nickel and scandium project and claim to have the largest cobolt resource             in the developed world
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