ARI Long Entry Set UpARI can be seen to be on an uptrend, given the higher lows that it has been forming, and the breaking of the retest and failure pivot at around the price of $9.46. Entry point could be when the candle crosses the $9.46 mark as that could be a confirmation of the end of the retracement.
ARI trade ideas
Your future is unknown, but if I had to guess...This stock is currently consolidating it's past trend and has not yet chosen a new direction. Wait for it to confirm a new trend after it breaks either the top or bottom resistance line.
My guess is that this will end up breaking lower and heading south again. Real estate is being hit fairly hard by the shutdown and tenants not paying rent. I think this damage will continue to play out and we'll see more of the negative impacts over the next few months.