African Rainbow Minerals - ARI
This weekly chart view of this JSE resources sector player concurs with the hype about analysts expectations. As with most other indices constituents for this sector, the current Cycle commenced in 2016. Primary wave  has been difficult to count across the board. This one is seen to be extended and with a 5-3-5 structure. Primary wave  has rushed to unexpected strength and paused at the resistance level presented by the peak of Cycle I . The extension of Primary  is a given when the furtherance of the Cycle degree impulse structure is contemplated. The transition into the extension can sometimes confound but simple and in keeping with things can also happen.