ARCC - Ready To Roll 🧐?

Aug 2, 2022

Post earnings pump ARCC is looking toppy and perhaps completing a retracement from the top right here at 0.5 fib.

Also has printed a shakeout reversal pattern through previous resistance.

It may have a last ditch flurry up to 0.618 area and 200MA and if it does i'll short some more, but good chance also i think it rejects the 100MA.

Not advice.

Aug 10, 2022

Note

Now looks like it will tag the 200MA and perhaps move up to 0.618 - 0.7 fib. Shouldn't get much further than $21 i think. Adding at 200MA and 0.618 fib.

Aug 10, 2022

Note

Also bearish div on 4H RSI. That doesn't mean it cant pop a bit higher, but it will be going lower down the road.

Sep 1, 2022

Note

It took a little while but now trending down with everything else 😸.