I'm looking for a unequivocal signal breakout candle to the upside before entry.
The price could head lower to test support before moving to the upside.
First profit $21.53 second $23.37
Sector: Consumer Durables
Industry: Automotive Aftermarket
ARB Corp. Ltd. designs, manufactures, distributes and sells of motor vehicle accessories and...
H & S pattern looks to be forming in ARB. From a technical point of view, high probability we see the stock turn bearish in the medium term. I do expect some possible short term strength, however, keep your stop losses fairly tight.