on ARKW - MA 50 daily is a main support and resistance, worked like a charm especially last 3 attempts to break it failed.
We see a convergence of MA 21 and MA 50 so I expect a bit up and down between these to MAs and then break down where they intersect, find support from the blue line and then push up to break both MA21 and MA50.
I like that the volume has dropped to q4 2020 levels from the high volume beginning of march 21. Low levels following a higher volume that put the stock down generally gives it a lift up.
We see a convergence of MA 21 and MA 50 so I expect a bit up and down between these to MAs and then break down where they intersect, find support from the blue line and then push up to break both MA21 and MA50.
I like that the volume has dropped to q4 2020 levels from the high volume beginning of march 21. Low levels following a higher volume that put the stock down generally gives it a lift up.
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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.