WeAreAlwaysWrong

ARVL - Bottom of Channel, Possible short term reversal

NASDAQ:ARVL   Arrival
Oversold, at bottom of channel and hit a support. Short term target of 20-22.

Not a trading advice.

Comments

MACD and CCI showing a price likely below $15 before any bounce here and great limit entry. Odd the chart for 1 year shows, but changing from 1d to 4h kicks in and only shows since < 1 mo. Is this from SPAC conversion to the stock?
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WeAreAlwaysWrong Pokethebear
@Pokethebear, yeah, it broke the support day after i posted this. And retested same as resistance for a couple of days and failed again. 13.75 is probably next support. Regarding the 1D to 4H, that is due to spac conversion. I should have mentioned short term for me is couple of months. With everything happening in market, things are pretty wild right now.
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Ten dollars might be near. If so I’m buying real big.
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Hit 17’s after hours, but I suspect more short selling from the SPAC’S. Time will tell, thanks for your work.
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Thanks for this. I will likely pick some ARVL at some point here.
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