ARB
- Previous analysis was done on 2 Sep - Suggested waiting for a successful rebound to around 54 levels
- After slowly retracing to the short-term support, today’s price action is the first sign of a technical rebound
- From a technical perspective, a successful rebound would be around 54 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound to around 54 levels if believe the stock is capable of creating new all-time highs
- Previous analysis was done on 2 Sep - Suggested waiting for a successful rebound to around 54 levels
- After slowly retracing to the short-term support, today’s price action is the first sign of a technical rebound
- From a technical perspective, a successful rebound would be around 54 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound to around 54 levels if believe the stock is capable of creating new all-time highs