LMT put in a motive wave, retraced and then put in another motive wave of the same % move. Frost and Prechter in their book said this is a common occurrence so i've been watching and sure enough here it is.
Two fib levels are around the same price leading me to believe that price will pull towards that area. Given the nature of ARII's price history and it having consistently moved to fib levels, this could very well happen.
Prior long term fib levels have been areas notorious with breakout/retest situations. Will be interesting to see how the linear regression momentum will interactions with the 1.6 fib level. One to watch! Stumbled onto this through Sprott Asset Mgmt holdings... No trade from me yet, just studying.