ARB has recently broken the lower trendline, indicating a potential shift in its price trajectory. Additionally, it is exhibiting a symmetrical pattern, suggesting a potential continuation of the current trend.
Given the current market price, traders and investors may consider entering positions around the current market price. Traders and investors may consider booking profit at a target range of approximately $0.94 to $0.95.
Summary:
Entry: CMP
Target: $0.95
SL: $1.20
However, it's essential to conduct thorough analysis and consider other relevant factors before making any investment decisions. Market conditions, news, and overall market sentiment should also be taken into account to ensure a well-informed and prudent approach to trading or investing in ARB.
Given the current market price, traders and investors may consider entering positions around the current market price. Traders and investors may consider booking profit at a target range of approximately $0.94 to $0.95.
Summary:
Entry: CMP
Target: $0.95
SL: $1.20
However, it's essential to conduct thorough analysis and consider other relevant factors before making any investment decisions. Market conditions, news, and overall market sentiment should also be taken into account to ensure a well-informed and prudent approach to trading or investing in ARB.
Comment:
Stop loss breached.