Another requested analysis!👍

As @EvisHadjipetrou asked, here are my insights about ARVL!

We have some interesting movements here. First, there’s this advanced breakout in the 30min chart, as the RSI is quite high, while the price didn’t break its resistance at 16.14 yet.

If ARVL loses the 15.86, then the bullish thesis is over.

If ARVL does a false breakout and closes above the 16.06, then it is possible it’ll seek the 17.67, an important price for ARVL .

The risk reward seems good for the bulls – an insignificant possible loss, and a great possible return.

If it breaks the 17.67 then the 20s is the target, but first things first. Let’s keep our eyes on the 16.06 and 15.86 for now, ok?

If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.

See you soon,

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.