LeLaf
Long

ARNA Descending wedge, reversal figure?

NASDAQ:ARNA   ARENA PHARMACEUTICALS INC
47 4 0
ARNA             has been descending for quite some time. The descending wedge is tightening. May break A-B line any moment now.
Hitting th C-D line today. Waiting to bounce up and break A-B before considering this a reversal of trend.
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Staying within the wedge patern. Indecision.
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By redoing the wedge to encompass the 6 last days (except today), we just broke the wedge up on volume. Entering a long position.
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In the profit zone. But the bears are pushing it down a lot. Selling pressure.
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