TomNewYork
Long

ARNA weekly setting up for multi week move possible breakout

BATS:ARNA   ARENA PHARMACEUTICALS, INC
511 0 4
There was a recently completed harmonic pattern that completed near here on the daily price chart.

This is potentially important because sometimes harmonic pattern completions mark the final LOW of an extended consolidation.

The weekly MACD seems to be confirming this potential.

ARNA             is showing potential of an attractive position trade in this zone.
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