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jbennyco
Apr 1, 2020 5:02 PM

ARNC Bottom Long

Description

ARNC has split from Howmet, dropping the price drastically. On the daily, the price has formed a lower low and the RSI has a higher low in coordination, possibly indicating a reversal (Bullish Divergence). Not financial or trading advice.
Comments
DerekHolland
The split from Howmet is probably a good thing since aerospace is going to take a hit for some time due to the virus. The rioting on the other hand, tends to help Arconic as part of its business is commercial construction components and truck transportation parts.
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