ARVL - Bottom of Channel, Possible short term reversal

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

Not a trading advice.


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?
+1 Reply
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.
Ten dollars might be near. If so I’m buying real big.
Hit 17’s after hours, but I suspect more short selling from the SPAC’S. Time will tell, thanks for your work.
Thanks for this. I will likely pick some ARVL at some point here.
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