Most arcs fall between the.618 and .786 fib levels. Price is between these 2 levels now. Price can fall more or less than these fib levels. Price can also fall below the bottom on occasion.
These are difficult to trade at the top due to extreme bullishness. The bullishness has chilled out and that is the time to maybe take a look at the security.
An ARC can be volatile for quite a while after falling back to earth.
This is a monthly chart and steep rises are often easier to see in weekly and monthly time frames.
Short interest is 4.45%/Earnings are 3-3 AMC.
No recommendation/Remembering buyers become sellers/just try not to get stuck up there when the tides change )o:
These are difficult to trade at the top due to extreme bullishness. The bullishness has chilled out and that is the time to maybe take a look at the security.
An ARC can be volatile for quite a while after falling back to earth.
This is a monthly chart and steep rises are often easier to see in weekly and monthly time frames.
Short interest is 4.45%/Earnings are 3-3 AMC.
No recommendation/Remembering buyers become sellers/just try not to get stuck up there when the tides change )o:
Comment:
Earnings 3-3 AMC