ARCM - Long with next target 4.05 if breaks 3.60(ish) resistance
Updated
Identified Key Support area of 2.50 - bounced off this on 25th Jan.
Watched and moved above the 50 day moving average with strength on 30th Jan for a good entry (sub 3.00), first resistance zone at around 3.60.
Currently battling the 3.60 zone but if confirmation of breakthrough next resistance zone and target looks like 4.05
Watched and moved above the 50 day moving average with strength on 30th Jan for a good entry (sub 3.00), first resistance zone at around 3.60.
Currently battling the 3.60 zone but if confirmation of breakthrough next resistance zone and target looks like 4.05
Trade active
Stop: Set at 2.45 just below previous bottom.Target: Hold until price crosses back through 50 day MA.
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