ARE along with many other holdings copped it on the panic.
Very very strong support came in force at 2.1 as expected from previous charts with large buys. A very strong and great test of support today.
ARE has held 2.5 on another large test of supply, I am confident 2.5 is now support. It has also tucked into and held the 10ma on the 4h with some positive divergence on the short term stoch and some turning up on the longer stoch and MACD. Some volume follow through into 2.8 as well.
Needs to pass 3c on expanding volume and to reclaim the 50ma on the 4h.
ARE recently violated some important moving averages it has held well since it broke away from 0.008. That being said it has held 0.025 on lowering volume followed by a weak bounce into resistance 0.028. I feel it needs more time to reset and show more support at these levels before more supply breaks it lower. I am currently long and have been for a while with ...