Bearish Head and Shoulders Pattern Forming in ARB
H & S pattern looks to be forming in ARB. From a technical point of view, high probability we see the stock turn bearish in the medium term. I do expect some possible short term strength, however, keep your stop losses fairly tight.
Note
A bearish move in the medium term indeed it was. 50% pull back cv 19 induced. Bearish outlook still in play
Disclaimer
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.
Disclaimer
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.