As you can see, mapping against the previous pump, the consolidation for ARN is almost complete.
As such, I have mapped out possible break options, and conservative Fib targets. Also, interesting to note that indicators are not yet consolidated, so this may indicate a further leg of consolidation, as sketched on the graph.
Therefore, good time to buy ARN conservatively in position for the next pump, as next leg may not take us much lower and any news/rumours could cut the consolidation short (remember Aeron is currently looking to get buy-in from Aviation Regulators throughout January).
Opinion not advice.
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