Rajtrades1222

ARNA, Go Long

Long
NASDAQ:ARNA   None

(IGNORE LEFT CHART)

ARNA strong level of R @48.15, RSI 30 oversold and confirmation MACD crossover signal indicates a bounce up for a possible reversal. Closed at 78% retracement level (orange line) also acting as a R holding @48.37, look for pattern formation before breakout. Waiting for breakout @63.04 to confirm reversal, potential profits on the way up before breakout.
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