Daily chart, the stock 
ARCC is trading in a descending channel, and a long flag chart pattern may be completed.
After crossing the Resistance line R, the target will be 12.
Closing above 11.3 for 2 days, the target will be 14 extending to 14.5
A new buy entry should be safer above 11.5 with the stop loss below 11.1
For an immediate entry, the Stop loss below SL line at 10.8 should be considered.
ARCC is trading in a descending channel, and a long flag chart pattern may be completed.After crossing the Resistance line R, the target will be 12.
Closing above 11.3 for 2 days, the target will be 14 extending to 14.5
A new buy entry should be safer above 11.5 with the stop loss below 11.1
For an immediate entry, the Stop loss below SL line at 10.8 should be considered.
Trade active
PositiveTrade closed: target reached
done..
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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.