ARB has showed slight deviation below the key $0.74 level, but is currently showing a strong recovery to reclaim that level. The other thing I want to point out is on the weekly timeframe the strength index is bouncing exactly off oversold levels. A few months from now we could look at this signal as the best time to accumulate.
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.